Respuesta :
Answer:
The correct choice is C) $1,157.48
Step-by-step explanation:
Consider the provided information.
Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold.
That means broker charges $0.125 for every stock.
Ben bought 442 shares of Xyx Motors when the share price was $15.67.
The broker's charge for buying 442 shares:
[tex]0.125\times 442\times 15.67=865.7675[/tex]
Ben sold 442 shares of Xyx Motors when the share price was $23.14,
The broker's charge for selling 442 shares:
[tex]0.125\times 442\times 23.14=1278.485[/tex]
Profit earn by Ben is: [tex]442(\$23.14-\$15.67)=442(\$7.47)=\$3,301.74[/tex]
The total profit earned by Ben is: Profit - Broker's charges
[tex]\$3,301.74-(\$865.7675+\$1278.485)=\$3,301.74-\$2144.2525=\$1,157.48[/tex]
Hence, the correct choice is C) $1,157.48
