Math Problem Statement

Suppose you bought XYZ stock 1 year ago for ​$6.34 per share and sell it at ​$3.28. You also pay a commission of ​$0.35 per share on your sale. What is the total return on your​ investment? Question content area bottom Part 1 The total return is enter your response here​%. ​(Round to the nearest tenth as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Investment Return Calculation
Percentage Calculation
Net Gain or Loss

Formulas

Net Sale Price = Sale Price - Commission
Gain/Loss per Share = Net Sale Price - Purchase Price
Total Return (%) = (Gain/Loss per Share / Purchase Price) × 100

Theorems

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Suitable Grade Level

Grades 10-12