Question

Tim bought 100 shares of abc at $5.25 with no load. And 100 shares of sea at$6.00 which had a load of $275. If the selling price is $1750 how much will Tim have earned?

Answer 1

Answer: The money earned by Tim is $ 35

Explanation:

We are given:

Number of shares of abc bought = 100

Price of 1 share of abc = $5.25

Number of shares of sea bought = 100

Price of 1 share of sea = $6.00

Load amount on sea share = $275

Selling price of the shares = $1750

Cost price of the shares =
`(100* \$5.25)+(100* \$6.00)+\$275=\$1400`

To calculate the amount of money earned by Tim, we subtract the cost price from selling price:

Money earned =
`\$1750-\$1400=\$350`

Hence, the money earned by Tim is $ 350

Answer 2

Altogether, Tim spent
100*$5.25 +100*$6.00 +$275 = $1400
on the purchase of his shares. If he sells them for $1750, he will have earned
$1750 -1400 = $350

Tim will have earned $350 at the given selling price.