Math Problem Statement
Suppose you bought XYZ stock 1 year ago for
$5.485.48
per share and sell it at
$8.588.58.
You also pay a commission of
$0.250.25
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
Percentages
Investment Return
Stock Market Calculations
Formulas
Total Return = ((Selling Price - Purchase Price - Commission) / Purchase Price) * 100
Theorems
Basic Percentage Calculation
Suitable Grade Level
Grades 9-12
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