Stock profit calculation help?

Question

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?

Answer 1

$60. $0.60 times by 100 equals $60.

Answer 2

$18.6/$18=1.03333333

=3.33%  (carry decimal over 2 places.

=$60 net profit

You started with $1800 ($18/share x 100 shares)

it goes up 60 cents, ($18.60 x 100 shares)

total of $1860

Answer 3

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)