selling stock with commissions at your full-service brokerage firm, it costs $135 per stock trade. how much money do you receive after selling 200 shares of ralph lauren (rl), which trades at $85.28? multiple choice $16,516 $17,056 $17,191 $16,921

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21-10-2022
Business

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selling stock with commissions at your full-service brokerage firm, it costs $135 per stock trade. how much money do you receive after selling 200 shares of ralph lauren (rl), which trades at $85.28? multiple choice $16,516 $17,056 $17,191 $16,921

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SidHussain SidHussain · Answer 1 · 2022-10-24T14:07:43-04:00

The amount of money received after selling 200 shares of Ralph Lauren is $16,921

The amount of money that can be received after selling 200 shares of Ralph Lauren which trades at $85.28 can be calculated by using multiplication followed by subtraction.

As it trades at $85.28 per share, the money received for 200 shares can be calculated by multiplication;

200 × 85.28 = 17,056

Now as it costs $135 per stock trade, the total money received can be calculated by subtracting this cost from 17,056. Therefore;

($85.28 per share times 200 shares) - $135 = $17,056 - $135 = $16,921

Hence the amount of money received after selling 200 shares of Ralph Lauren is calculated to be $16,921.

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