An investor

An investor purchased 75 shares of stock at $42.80 per share, and 6 months later sold the shares for $47.15 per share. The $20 stockbroker fee will not be charged for this sale. Calculate the total profit or loss of the transaction.

Correct result:

p =  326.25 USD

Solution:

$p=75\cdot (47.15-42.80)={\displaystyle \frac{1305}{4}}={\displaystyle \frac{1305}{4}}\text{ USD}=326.25\text{ USD}$

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