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5000 shares of stock were purchased at $25 per share with a 5% broker commission. The...

  1. 5000 shares of stock were purchased at $25 per share with a 5% broker commission. The following year they were sold for $28 per share with a 3% broker commission. What was the profit on this investment?

You pay the commission both when buying and selling.  Commission is added to the buying cost and subtracted from the selling amount.

Total Cost of Investment?

Total Amount Received upon Sale?

Actual Profit on the Investment?

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