Question

Question 2
1 pts
What is your profit on the sale of 250 shares of stock for $38 a share if you paid $26
a share two year ago? ( Not counting commission)
• Previous
Next →
No new data tocava lact charladat 12.00am

Answer 1

Answer:

$3,000

Step-by-step explanation:

Profit is the difference between the selling price and the cost price.

Cost of share 2years ago = $26 per share

If 250 shares of stock was bought, cost price of the stock will be 250×$26 = $6,500 (without commission)

If the selling price per share is $38, selling price of 250shares will be 250×$38 = $9,500

Profile on sale = $9,500-$6,500

Profit on sale = $3,000