Kendra sold 200 shares through her broker on june 8. the price per share was $22.10. the broker charged her a 0.5% commission on the total value. what was kendra’s return on the trade? a. $4,397.90 b. $4,420.00 c. $4,596.90 d. $4,620.00

A. $4397.9

Explanation:

We are given that Kendra sold 200 shares and that the price per share was $22.1

This means that:

Total value = 200 * 22.1 = $4420

Now, we know that the broker charged 0.5% commission on the total value

This means that:

Broker's charge = 0.5% * 4420 = 0.005 * 4420 = $22.1

Therefore,

Kendra's return = Total value - broker's charge

Kendra's return = 4420 - 22.1 = $4397.9

Hope this helps :)

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