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What is the rate of return when 10 shares of Stock
A, purchased for $15/share, are sold for $210? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth

help What is the rate of return when 10 shares of Stock A purchased for 15share are sold for 210 The commission on the sale is 6 Rate of Return Give your answer class=

Respuesta :

36%

10 shares at 15 each is 150$ that it costed you to buy. You sold it for 210$ so you gained 54$ (60$ minus the 6$ commission).

Set up a proportion: 150/100 = 210/x. x=136% or your investment returned you 36% of your initial 150.

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