Jack bought 120 shares of ABC Banking for $12.27 each. He sold the shares 90 days later for 21.48% more than he paid. When he held the shares, ABC Bank paid a dividend of $0.55 per share. Brokerage fees are $25 or 0.5% of transaction amount, whichever is higher.
How much profit did Jack make with this investment?
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Learners of business English, technical English, engineering English, academic English, and scientific English need more practice with 'numbers English." The contest is open to all English learners. Recognition will be given to the first person to correctly solve each challenge. Please reply to the blog post with your answer, your city, country, and school or workplace. Visit Dave Volek's Business English at www.davevolek.org/dvbe
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