An investor purchased 100 shares of stock X at 6 1/8 dollars per share and sold them all a year later at 24 dollars per share. If the investor paid a 2 percent brokerage fee on both the total purchase price and the total selling price, which of the following is closest to the investor's percent gain on this investment?

(A) 92%
(B) 240%
(C) 280%
(D) 300%
(E) 380%


OA C

Source: GMAT Prep