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2. 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 $705.00. D. You made a profit of $75.00.
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 7/19/2019 2:52:57 PM
Updated 6/15/2020 10:57:12 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 6/15/2020 10:57:12 AM
This answer has been confirmed as correct and helpful.
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Juan Ramirez sells suits in a major department store on weekends. He earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he earns an additional 3 percent on the additional suits. [ Last weekend Juan sold thirteen $250 suits. $185.00 was his commission. Solution: 10 (250 *.05) + 3 (250 *.08) = $185.00 commission.
Added 12/15/2020 7:10:12 AM
This answer has been confirmed as correct and helpful.
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