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Stock profit calculation help?
If you buy 100 shares of a stock. Each share of stock is $18 dollars each. The stock went up 60 cents. How much did you make?
2 Answers
- MysteryLv 61 decade agoFavorite Answer
EMT is correct as far as he went.
When calculating profit/loss you also need to consider trading costs. Using Scottrade as an example: $7 per trade.
Cost of stock: $1807.00 ((100*$18) +$7)
Proceeds from sale: $1853.00 ((100*$18.60) - $7)
Net profit: $46.00 ($1853 - $1807)
- Anonymous1 decade ago
$60. $0.60 times by 100 equals $60.
