Mrs. Deblinsky purchases 850 shares of Cracker Barrell at 45.20 per share. She pays a 1.5% commission to her broker for the transaction. After a year, she sells her holdings for 41.90 a share, using a discount broker who charges $19 per trade. What was her net capital loss?

3362

Step-by-step explanation:

Based on the question, the cost price for the shares will be:

= (850 × 45.20) + 1.5%(850 × 45.20)

= 38420 + 0.015(38420)

= 38420 + 576.3

= 38996.

Selling price will be:

= (850 × 41.9) + 19

= 35615 + 19

= 35634

Net capital loss = 38996 - 35634

= 3362

b. 1.25 hr

step-by-step explanation:

if you have a constant speed of 60 mph, then you have a ratio between 60 mi. to 1 hr. dividing both sides by 60 we get the ratio

1 mi. to

then mult. both sides by 75 we get the ratio

75 mi. to

simplifying we get

75 mi. to

or 1.25 hr.