Posted by Renee on Thursday, January 26, 2012 at 7:31pm.
I bought this answer in student of fortune website!
A:
Assuming the commission charged on both buying and selling
Commission = 2%
Number os shares = 200
Rate of buying = $22.35
Rate of selling = $31.76
Amount for buying = 22.35*200 = 4470
After commission amount needed to buy 200 shares = 4470 + 2% of 4470 = $4559.4
Total amount for selling 200 shares = 200*31.76 = 6352
Amount received after commision = 6352 - 2% of 6352 = 6224.96
Amount earned by Jeff in this transcations = 6224.96-4559.4 = $1665.56
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