A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes
the answer is 288.00
Profit on each share = (23.25 - 19.65) = 3.60Profit on 80 shares = (80) x (3.60) = 288, before commissions and taxes.
23.25-19.65=3.6 3.6*80=$288 $288 is the total profit.
I'd hate to be the one who had to break the news to him, but he lost $176.40 on each and every share.On 80 shares, he lost $14,112, plus whatever commissions he had to pay to the genius whoguided him through this catastrophe before leaving for his monthly weekend in Bermuda.
The question isn't quite clear therefore there are two answers depending on the interpretation of the question. # Assuming a customer bought the bag for 40 and the company earned a 15% profit, then the profit would be 40 x 15% = 6 # Assuming the company bought the bag for 40 and then sold it on for 15% profit, then the selling price would be 40/(100% - 15%) = 47.06 giving a profit of 7.06
profit/cost=profit margin (192-160)/160= .2 = 20%
If bought at 19.65 and sold at 23.25 per share the profit from one share is equal to 3.60. For 80 shares the profit would be 288.
Profit on each share = (23.25 - 19.65) = 3.60Profit on 80 shares = (80) x (3.60) = 288, before commissions and taxes.
23.25-19.65=3.6 3.6*80=$288 $288 is the total profit.
First, I will attempt to translate your question. A man bought abc stock at $19.625 per share and sold it at $23.25 per share. What was his profit on 80 shares before deductions for commissions and taxes? Assuming my translation is correct, his gross profit was ($23.25 - 19.625) x 80.
Since the man bought 80 shares and each of them costs 19.65, he spent: (80)(19.65) = 1572 He sold it for: (80)(23.25) = 1860 So his profit is: 1860 - 1572 = 288
Net Profit Before Tax(N.P.B.T.) = Total sales - Total Expenses.
Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.
Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.
I'd hate to be the one who had to break the news to him, but he lost $176.40 on each and every share.On 80 shares, he lost $14,112, plus whatever commissions he had to pay to the genius whoguided him through this catastrophe before leaving for his monthly weekend in Bermuda.
Net profit is the profit from gross profit after addition of other [realised] income and deduction of expenses and tax.
Someone can mark something as a non profit deduction in QuickBooks by checking the non profit form. A person would fill out the form for their non profit agency and put down any profits from it.
From a financial reporting standpoint, no. Cost of Goods Sold (COGS) is shown on the income statement below sales as a deduction to calculate gross profit. Expenses are shown as a deduction from gross profit to calculate net profit.