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
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