Question 9 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Rachel sold the 1,500 shares for a total of 250($28.32) + 800($33.60) + 450($39.94) = $51,933. The shares originally cost 1,500($24.85) = $37,275, so the profit before commissions was $14,658. The commission is 6.5% of each transaction: 6.5% of $51,933 plus 6.5% of $37,275 is $5,798.52. Subtracting commissions leaves $8,859.48, which rounds to $8,859, choice D.
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