If an investor sells 150 shares of amazon (amzn) stock at $35.00 and pays a $7 commission. The total amount of money received by the investor is: $5,257.
How to find the total amount of money?
Using this formula to find the total amount of money
Total amount of money = (Number of shares sold × Stock price) + Commission
Let plug in the formula
Total amount of money = (150 shares × $35.00) +$7
Total amount of money = $5,250 + $7
Total amount of money = $5,257
Therefore the total amount of money is $5,257.
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