help needed with shares and dividends

[mohit]

A man purchased shares worth $18,900 when the market prices was $94.50 , out of those shares he sold $12,600 at face value when the market rate was $104 and sold the remaining shares at $98. He had to pay 1.5% brokerage charge each time. What was his gain or loss on whole ? (Face value = $100)

 

[Deleted member 4993]

A man purchased shares worth $18,900 when the market prices was $94.50 , out of those shares he sold $12,600 at face value when the market rate was $104 and sold the remaining shares at $98. He had to pay 1.5% brokerage charge each time. What was his gain or loss on whole ? (Face value = $100)

Please share your work with us ...even if you know it is wrong

If you are stuck at the beginning tell us and we'll start with the definitions.

You need to read the rules of this forum. Please read the post titled "Read before Posting" at the following URL:

http://www.freemathhelp.com/forum/th...Before-Posting