I got 35$ shares, then sold the stock For $52 per share. if I purchased $200 shares of it and the brokerage fees were $19.98, how much profit would I have made

Question

I don't understand this stock market question.

Answer 1

The wording is confusing to me, too. I think there are some dollar signs that shouldn’t be there.I’ll paraphrase the problem, maybe that will help both of us.

 

i bought shares at $35 per share and sold them for $52 per share. If I bought 200 shares, and the fee that I had to pay the brokerage for the right to perform this transaction was $19.98, how much profit did I make?

 

First, the general definition of Profit is Sales price minus cost. (In ordinary English, the words “price” and “cost” seem to mean the same thing—each is the amount of money someone pays for something. But in business English, the words are slightly more specific:

”cost” is how much I paid,

”sales price” is how much someone paid ME for the same item).

 

In this case, the cost was (cost of shares* number of shares) + (brokerage fee), and the sales price was (sales price of shares* number of shares)

 

in numbers, this means

profit = $52*200 - $35*200 - $19.98