How much profit did peter make on the investment, Accounting Basics

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How much profit did peter make on the investment

Problem

Peter Gunderson bought 2,000 shares of stock in a transportation company at $45.10 per share. Ten months later he sold the stock at $78.22 per share. If he had to pay his broker a commission of $85, how much profit did Peter make on this investment?

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Accounting Basics: How much profit did peter make on the investment

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Accounting Basics: How much profit did peter make on the investment

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