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

To

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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