Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold. ben bought 442 shares of xyx motors when the share price was $15.67, and sold them when the share price was $23.14. how much profit did ben make? a. $10,227.88 b. $8,083.62 c. $1,157.48 d. $3,301.74 select the best answer from the choices provided a b c d

The correct choice is C) $1,157.48

Step-by-step explanation:

Consider the provided information.

Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold.

That means broker charges $0.125 for every stock.

Ben bought 442 shares of Xyx Motors when the share price was $15.67.

The broker's charge for buying 442 shares:

Ben sold 442 shares of Xyx Motors when the share price was $23.14,

The broker's charge for selling 442 shares:

Profit earn by Ben is:

The total profit earned by Ben is: Profit - Broker's charges

Hence, the correct choice is C) $1,157.48