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During 2018 Frank Campbell purchase 350 shares of common stock issued by Atlantic carpet mills for 12,100 Including commission later in the same year Frank sold the shares for 13,500 after commission. calculate the following (round all answers to two decimal places.) 1.) profit on this stock transaction .
2.) percentage return on investment .

Respuesta :

Answer:

1. Profit on stock transaction = 1400

2. percentage return on investment = 11.57

Step-by-step explanation:

stock's purchase price = 12,100

stock's selling price = 13,500

profit = stock's selling price - stock's purchase price

         = 13,500 - 12,100

         = 1,400

For, percentage return on investment;

⇒ percentage return = [tex](\frac{profit}{purchase price })100[/tex]

                                   = [tex](\frac{1400}{12100})100[/tex]

                                   = [tex]11.57[/tex]