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You purchase 100 shares of a stock for $23.95 a share. One year later each share is worth $24.05. Find the profit if you sold at $24.05 a share.
Profit=$10
Expert answered|didsh|Points 60|
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Asked 4/30/2010 11:19:20 PM
Updated 3/13/2023 2:26:55 PM
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The difference between the buying and the selling price.
24.05 - 23.95 = 0.10
multiply that by the number of shares that you have I.e. 0.10 * 100 = $10.
The profit if sold at $24.05 would be $10.
Added 3/13/2023 2:26:55 PM
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