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10. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true? A. You suffered a loss of $75.00. B. You suffered a loss of $630.00. C. You made a profit of $75.00. D. You made a profit of $705.00.
A share of stock in the Bree Medical Supply Company is quoted at 351/4. Bought at = $31 1/2 = 63/2, selling price = 35 1/4 =141/4, Profit = 141/4 - 63/2 = 15/4 Number of shares= 20 , total profit =20 * 15/4 =75 You made a profit of $75.00.
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Asked 7/11/2019 4:43:25 AM
Updated 10/16/2020 11:33:06 AM
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A share of stock in the Bree Medical Supply Company is quoted at 351/4. Bought at = $31 1/2 = 63/2, selling price = 35 1/4 =141/4, Profit = 141/4 - 63/2 = 15/4 Number of shares= 20 , total profit =20 * 15/4 =75 You made a profit of $75.00.
Added 10/16/2020 11:33:06 AM
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