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Tyler bought 20 shares of wal-mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all of his shares at the price of $62.80. Tyler's broker charges him 3% of each share as a transaction fee. After all of his transactions, how much did Tyler make?

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SociometricStar

Answer:

Tyler would make $306.60

Step-by-step explanation:

Cost of 20 shares of wal-mart is 48.80×20=$976

Cost of 20 more shares is 54.60×20=$1092

Total cost of shares = 976+1092 = $2068

Now, the transaction fee = 2068×0.03=$62.04

Hence, total cost of shares is given by

2068+62.04 = $2130.04

Now, selling price of the shares is given by

62.80×40 - 3% transaction fees on this amount

= 2512 - 0.03×2512

= $2436.64

Therefore, Tyler  

Hence, Profit = Selling price - Cost price

Profit = $2436.64-$2130.04

Profit = $306.60

Therefore, Tyler would make $306.60

graciprugh227

Answer:

306.60 would be your answer

Step-by-step explanation:

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