Gazi Ecevit purchased 200 shares of common stock in the Rivalo Company at $43.68 through an online broker. The commission was$29.95. He later sold the same stock at $41.25, paying commission and fees of$32.25.

What was Gazi's profit or loss on the sale?

Review these math skills and solve the exercises that follow.

Divide dollar amounts by dollar amounts to find a percent. Find the quotient, to the nearest tenth percent. $\$ 2,400 \div \$ 45,000=0.0533$, or $5.3 \%$

a. $\$ 3,680 \div \$ 56,700$

b. $\$ 2,734 \div \$ 38,400$

Salvador Nuncio 's monthly retirement income is made up of $1,900 from his employer-based pension fund and$900 from social security. He also has an IRA worth $150,000. What percent of his IRA must he withdraw if he wants his total retirement income to be$42,600 a year?

Find the profit (+) or loss (-) in sales.

Jeanne Wilder is retired and receives $1,870 in monthly pension and$1,100 monthly from social security. She wants her monthly retirement income to be $4,500. What percent, to the nearest tenth , of her$250,000 IRA must she withdraw monthly to reach the monthly income she wants?

Joelle had a balance of $\$ 274.35$ in her checking account. She went to the bank with these deposits: $\$ 125.99, \$ 98.45$, and $\$ 303.30$. She asked for $\$ 75$ cash back. What was her total deposit? What is the balance in her account after the deposit?

Sonia Ortiz earned $1,500 last year at her part-time job . Her parents claimed her as a dependent on their federal income tax return. What taxable income did Sonia have last year?

Tomas Reynoso spent $35.6 \%$ of his total income last year on housing. If his income last year was $\$ 67,800$, how much did he spend on housing?

24 is what percent of 75 ?

Janice Ludlow bought the following number of bonds in a week: Mon., 4; Tues., 6; Wed., 6; Thurs., 5. How many bonds did she buy on Friday if the average number of bonds she bought each day was 5 ?

Ollie Breem wants to earn 10% annual net income on his $25,000 cash investment in a property. His annual expenses of owning the property are$8,100. What monthly rent must Ollie charge?

Charlie Evers is paid $12.56 an hour and time-and -a-half for overtime. Last week he worked 40 regular and 4.5 overtime hours. What was his gross pay for the week?

Bineka Zaheer bought a house with a $20,000 down payment. She also added a carport for$4,600. She estimates that she will be able to rent the house for $1,000 a month and that her first-year expenses will be mortgage interest,$5,600; taxes, $896; depreciation,$1,450; other expenses, $1,288. What is Bineka's estimated return on her investment, to the nearest tenth percent?

Gazi Ecevit purchased 200 shares of common stock in the Rivalo Company at $43.68 through an online broker. The commission was$29.95. He later sold the same stock at $41.25, paying commission and fees of$32.25.

What amount did Gazi receive as net proceeds from the sale?