What is the rate of return when 25 shares of Stock
A, purchased for $30/share, are sold for $825? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth.



Answer :

Answer:

Based on the information given the rate of return is 10.8%.

First step is to find the shares of stock price:

Shares of stock price=25 shares×$30/share

Shares of stock price= $750

Second step is to calculate the total sold price:

Total sold price= $825+$6

Total sold price= $831

Third step is to calculate the Rate of return:

Rate of return=$831-750/$750×100

Rate of return=$81/$750×100

Rate of return=10.8%

Inconclusion the rate of return is 10.8%.

the answer is going to be 10.8%