2. A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, which one of the following statements would be true? A. You'll make a profit of \$15. B. You'll suffer a loss of \$15. C. You'll make a profit of \$150. D. You'll suffer a loss of \$150.
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A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, you'll make a profit of \$150 would be true. Solution: 25 1/4 - 20 1/4 = 5 5 * 30 = 150 (answer)
Question
Updated 107 days ago|6/5/2020 6:31:20 AM
Rating
3
A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, you'll make a profit of \$150 would be true.
Solution:
25 1/4 - 20 1/4 = 5
5 * 30 = 150 (answer)
Added 107 days ago|6/5/2020 6:31:20 AM

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