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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.
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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 311/2. If you sold your stock at 351/4, You made a profit of $75.00. Solution: 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.
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Asked 10/10/2018 10:44:33 AM
Updated 173 days ago|4/1/2021 4:26:43 AM
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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 311/2. If you sold your stock at 351/4, You made a profit of $75.00.

Solution: 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.
Added 173 days ago|4/1/2021 4:26:43 AM
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14. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car? A. Study the car market. B. Test-drive the car. C. Shop around for a car loan. D. Obtain car insurance.
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Study the car market is the first step that a smart new-car buyer should take before talking to salespersons and putting a deposit on a car.
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