Tyler bought 20 shares of wal-mart at $48.80. a year later, he bought 20 more shares at $54.60. he later sold all of his shares at the price of $62.80. tyler's broker charges him 3% of each share as a transaction fee. after all of his transactions, how much money did tyler make?

306.60 would be your answer

Step-by-step explanation:

He bought last year and year later total is $104.3

Each share he sold 62.80 with tax is 0.03

62.80x1.03= $64.684 for each share

So there are 40 shares

64.684 x 40= $2587.36

Tyler made 2333.24 dollars intotal

Tyler would make $306.60

Step-by-step explanation:

Cost of 20 shares of wal-mart is 48.80×20=$976

Cost of 20 more shares is 54.60×20=$1092

Total cost of shares = 976+1092 = $2068

Now, the transaction fee = 2068×0.03=$62.04

Hence, total cost of shares is given by

2068+62.04 = $2130.04

Now, selling price of the shares is given by

62.80×40 - 3% transaction fees on this amount

= 2512 - 0.03×2512

= $2436.64

Therefore, Tyler

Hence, Profit = Selling price - Cost price

Profit = $2436.64-$2130.04

Profit = $306.60

Therefore, Tyler would make $306.60