Connor bought 30 shares of ebay at $20.95. a year later, he bought 20 more shares at $26.75. he later sold all of his shares at the price of $35.25. connors broker charges him 3% of each share as a transaction fee. after all of his transactions, how much money did connor make? a. $525.11 b. $493.37 c. $511.21 d. $515.53

 Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Number of shares of eBay bought by Connor = 30

Cost of each share = $20.95

Number of shares he bought more = 20

Cost of each share = $26.75

Rate of charges of broker's commission =- 3% on each share

Selling price of each share = $35.25

According to question,

Total amount he paid to bought the shares

Amount he was charged for commison is given by

Total amount he paid including commission is given by

similarly, he sold his shares , amount he received ,

Again he was charged commission which is given by

Total amount he received on selling the shares is given by

After all of his transactions, Connor makes

Hence, he made $511.21.

Therefore, Option 'C' is correct.

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step-by-step explanation:

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