What was the total profit made by Amber after accounting for broker's fees and taxes?

To determine the total profit made by Amber after accounting for broker's fees and taxes, it is essential to understand how profits are calculated in the context of investing. Total profit is generally derived from the difference between the selling price of an investment and its initial cost, minus any additional expenses incurred, such as broker's fees and taxes.

If Amber's initial investment and selling price are known, one would compute the gross profit first by subtracting the initial investment from the selling price. From this gross profit, broker's fees and applicable taxes must be deducted to arrive at the net profit. If the correct answer is $7,000, this implies that after totaling all profits from the transactions, factoring in the broker's fees and taxes has still resulted in a substantial profit remaining.

Understanding the financial figures involved can clarify why $7,000 is the final amount: it indicates that despite the costs associated with the transaction, which are integral when calculating the final profit, Amber still retained a significant portion of her gross profit, reflecting her investment's overall success.