Question

Jamal has two investments, one in Company A, and another in Company B. Jamal purchased 300 shares in Company A at $1.45 per share. Since purchasing the shares, the price per share increased to $1.65 per share, after which Jamal decided to sell, realizing a profit. At the same time, Jamal purchased 200 shares in Company B at $1.20 per share. Since purchasing the shares, the share price fell to $1.10 per share, after which Jamal decided to sell the shares, suffering a loss. Calculate the total profit that Jamal received from his two investments.

Answer 1

Answer:

$20

Step-by-step explanation:

Company A:

Buy 300 shares at $1.45 per share.

Sell 300 shares at $1.65 per share.

Profit: ($1.65 - $1.45) * 300 = $60

Company B:

Buy 200 shares at $1.20 per share.

Sell 200 shares at $1.10 per share.

Loss: ($1.20 - $1.10) * 200 = $20

Net profit:

$40 - $20 = $20

Answer 2

Answer:

Step-by-step explanation:

Profit on Company A =$(1.65−1.45)×300=$60.

Loss on Company B =$(1.20−1.10)×200=$20.

Therefore the total profit Jamal achieved was $60−$20=$40.