McKenzie buys 250 shares of stock for $12 a share and pays a 2% commission. She sells the stock 3 years later for $18 a share and pays a 1% commission. What are her net proceeds?
What will be an ideal response?
1,395.00; 250 ´ 12 = 3,000 ´ 0.02 = 60; 3,000 + 60 = 3,060;
250 ´ 18 = 4,500 ´ 0.01 = 45; 4,500 - 45 - 3,060 = 1,395.00
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B. - 
C. - 
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