Stock Transaction Program Last month Joe purchased some stock in Acme Software,

Question

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 $45.50 per share.

• Joe paid his stockbroker a commission that amounted to 2% 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% 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.)

Explanation / Answer

#include<iostream>

using namespace std;

int main()

{

     int noShares;

     double purchasedPrice;

     double purchasedAmount;

     double comOnPurchase;

     double soldPrice;

     double soldAmount;

     double comOnSold;

     cout<<"**Stock Transaction**"<<endl;

     cout<<"Enter the number of shares that joe purchased:"<<endl;

     cin>>noShares;

     cout<<"Enter the price per share: $";

     cin>>purchasedPrice;

     //calculate total amount Joe paid to purchase 1000 shares

     purchasedAmount=noShares*purchasedPrice;

     //calculate commission that Joe paid to broker for pruchasing stock

     comOnPurchase= (purchasedAmount*2)/100;

     cout<<"Joe paid the commission to the broker on purchase: $"<<comOnPurchase<<endl;

     cout<<"Enter the price that Joe sold the each share: $";

     cin>>soldPrice;

     //calculate total amount Joe recieved on selling 1000 shares

     soldAmount= noShares*soldPrice;

     //calculate commission that Joe paid to broker for selling stock

     comOnSold=(soldAmount*2)/100;

     cout<<"Joe paid the commission to the broker on sold: $"<<comOnSold<<endl;

     cout<<"The profit made by Joe in the Transaction: $"<<(soldAmount-comOnSold)-(purchasedAmount+comOnPurchase)<<endl;

     system("pause");

     return 0;

}

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