Question

100 shares of stocks at 17.625 and sold it to 21.25 what was the profit

Answer 1

The answer is $362.5

Here is why:

17.625 x 100 = 1762.5 (what was purchased)

21.25 x 100 = 2125 (what it was worth when sold)

2125 - 1726.5 = 362.5 (profit)

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Answer 2

Profit = (100 x 21.25) - (100 x 17.625)

= 2125 - 1762.5

= 362.50

Answer

Profit = $362.50