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Jackie wants to sell her 13 shares of stock She can sell them for 20 per share Her broker will charge 10 percent commission?
Wiki User
∙ 13y ago
Jackie Will Get a Total of 234
Jackie's Broker Will Get a Total of 26
Explanation:
Jackie's 13 Shares of Stock, if she can sell them for 20 per share, means they are worth a Total of 13 x 20 = 260 for all 13 Shares.
If her broker charges 10% commission for selling those shares, then Jackie would Get a Total of 90% of 260, since 10% of 260 is paid to her broker.
So For Selling 13 Shares at 20 per Share, which is 260 Total, then Jackie Will get 90% of the Total and her broker Will get 10%:
Jackie Will Get a Total of: 90% of 260 = .90 x 260 = 234 is What Jackie Will Get For Selling Her 13 Shares, after paying her broker's commission.
Jackie's Broker Will Get a Total of: 10% of 260 = .10 x 260 = 26 is What Jackie's Broker Will Get if Jackie sells Her 13 Shares at 20 a Share. Jackie's Broker charges a 10% commission for selling shares, which means the Broker will get a 10% of the Total Sale Price of the Shares -- in this case, that is a 10% of 260, which is 26.
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∙ 13y ago
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The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.
What is the procedure for selling stocks that you own?
If you have the certificates you need to take these to your bank manager or a stock broker and instruct them to sell the stocks for you (you cant do this yourself you have to go though a broker) - they will charge commission.
Can you buy stock from the stock market?
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