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Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel’s broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar?

 Jan 28, 2016
 #1
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1500*24.85 = 37275 minus the 97.5 for the broker

250*28.32 = 7080 - First sell

800*33.60 = 26880 -Second Sell

1500-(250+800) = 450 -Remaining shares

450*39.94 = 17973 -Third Sell -minus another 97.5 for the broker

7080+26880+17973-195-37275 = 14463 Money earned

$14463

 Jan 28, 2016
 #2
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where u get 97.5 for the broker from?

 Feb 18, 2016

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