Concept explainers
Stock Transaction
Last month Joe purchased 100 shares of stock for $45.50 per share and paid his stock broker a commission that amounted to 2 percent of the total amount he paid for the stock.
Two months later Joe sold the stock for $47.92 per share and paid his stock broker another commission that amounted to 2 percent of the total 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.
• The amount of profit or loss that Joe had after selling his stock and paying both broker commissions.
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