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Jose bought 20 shares of Netflix at the close price of $117.98. In a few years, Jose sells all of his shares at $128.34. How much money did Jose make?

A.) $192.50
B.) $207.20
C.) $212.50
D.) $224.60

1 Answer

6 votes

Answer:

option B) $207.2

Explanation:

It is given that,

Jose bought 20 shares of Netflix at the close price of $117.98

After few years, Jose sells all of his shares at $128.34.

To calculate total cost

Price of each share = $117.98

Number of shares sold = 20

Total cost = $117.98 x 20 = $2359.6

To find the total income

Price of each share = $128.34

Number of shares sold = 20

Income = $128.34 x 20 = $2566.8

To find money made by Jose(profit)

Profit = $2566.8 - $2359.6 = $207.d

Therefore the correct answer is option B) $207.2

User Dulaj Kulathunga
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