John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?

Question

John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?​

Mangal Thombe · Accepted Answer

Final Answer : $1,560.10 gain​

John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?

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John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?​

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Learning Objectives

Learning Objectives

Related questions

John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?