thatoneguy8 thatoneguy8

15-08-2018
Mathematics

contestada

100 shares of stocks at 17.625 and sold it to 21.25 what was the profit

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15-08-2018

The answer is $362.5

Here is why:

17.625 x 100 = 1762.5 (what was purchased)

21.25 x 100 = 2125 (what it was worth when sold)

2125 - 1726.5 = 362.5 (profit)

If you have any questions feel free to let me know! :) Otherwise have a great day!

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choixongdong choixongdong

15-08-2018

Profit = (100 x 21.25) - (100 x 17.625)

= 2125 - 1762.5

= 362.50

Answer

Profit = $362.50

Answer Link

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