Last month Joe purchased some stock in Acme software , Inc. Here are the details

Question

Last month Joe purchased some stock in Acme software , Inc. Here are the details of the purchase :

- The number of shares that Joe purchased was 1,000.

- When joe purchased the stock he paid $45.50 per share.

- Joe paid his stockbrocker a commission that amounted to 2 % of the amounth he paid for the stock .

Two weeks later Joe sold the stock. Here are the details of share:

- The number of shares that Joe sold was 1,000.

- He sold the stock for $56.90 per share .

- He pain his stockbrocker another commission that amounted to 2 % ot the amount he recieved fot the stock.

Write a program that displays the following information:

- The amounth of money Joe paid for the stock

- The amount of commission Joe paid his brocker when he bought the stock.

- The amount that Joe sold the stock for.

- The amount of commission Joe paid his broker when he sold the stock .

- Display the amount of profit that Joe made after selling his stock and paying the two commissions to his brocker. ( if amount of profit that your program displays is a negative number, then Joe lost his money on the transaction.)

Explanation / Answer

output of the above code:

---------------------------------------------------------
     Stock Transaction Program
---------------------------------------------------------
Amount paid for the stock: $32870.00
Commission paid to broker : $657.40
----------------------------------------------------------
The stock sold for: $33920.00
Commission paid to broker : $678.40

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.