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Question

# Maria Fuentes bought 500 shares of Apollo Corporation preferred stock at $12.87. The commission on the purchase was$184.38. Maria later sold the stock at $20.15. The commission and fees on the sale were$228.What was the total cost of the stock to Maria?

Solution

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For this exercise, we determine the total cost of Maria Fuentes' purchase of Apollo Corporation preferred stock for $\12.87$. There was a commission of $\184.38$ on the purchase. She later then sold all of her shares at $\20.15$ with a commission and other charges amounting to $\228$.

Do we have the necessary quantities to calculate the total cost?

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