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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 31 1/2. If you sold your stock at 35 1/4, you made a profit of $75.00. Solution: 35.25 - 31.50 = 3.75 3.75 * 20 = $75 (answer)
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Asked 10/16/2018 7:00:39 PM
Updated 6/2/2020 4:11:01 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 31 1/2. If you sold your stock at 35 1/4, you made a profit of $75.00.
Solution:
35.25 - 31.50 = 3.75
3.75 * 20 = $75 (answer)

Added 6/2/2020 4:11:01 AM
This answer has been confirmed as correct and helpful.
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