business math

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Jeff Sellers bought 200 shares of radio shack stock at $22.35. eight months later,he sold the stock at $31.76.assuming a 2% commission charge, what is the bottom line for Jeff?

  • business math -

    200 * 22.35 = 4,470

    200 * 31.76 * 0.98 = 6,224.96

    Subtract his purchase price from his sales price.

  • business math -

    an office worker earns $3,450 monthly. the worker ios kmarried and claims two exemptions. find the FIT to be withheld from his monthly check using the percentage method ans using the wage bracket method.

  • business math -

    ms. sue, is it $ 1,754.96? Thanks

  • business math -

    It's not clear from your question whether the commission is charged once or twice (at purchase and at sale). Assuming the latter (which is customary)...
    Cost basis: (22.35 * 200) * 1.02 = $4,559.40
    Sale proceeds: (31.76 * 200) * (1 - 0.02) = $6,224.96
    Net profit: 6,224.96 - 4,559.40 = $1,665.56
    8 month return: 1665.56 / 4559.40 = 36.53%

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