Chapter 3, Problem 23PC

Stock Transaction Program

Last month Joe purchased some stock in Acme Software, Inc. Here are the details of the purchase:

• The number of shares that Joe purchased was 1,000.

• When Joe purchased the stock, he paid S45.50 per share.

• Joe paid his stockbroker a commission that amounted to 2 percent of the amount he paid for the stock.

Two weeks later, Joe sold the stock. Here are the details of the sale:

• The number of shares that Joe sold was 1,000.

• He sold the stock for $56.90 per share.

• He paid his stockbroker another commission that amounted to 2 percent of the amount he received for the stock.

Write a program that displays the following information:

• The amount of money Joe paid for the stock.

• The amount of commission Joe paid his broker when he bought the stock.

• The amount that Joe sold the stock for.

• The amount of commission Joe paid his broker when he sold the stock.

• Display the amount of profit that Joe made after selling his stock and paying the two commissions to his broker. (If the amount of profit that your program displays is a negative number, then Joe lost money on the transaction.)