Question

martin brought 30 shares of microsoft at the close price of $24.53. In a few years, Martin sells all of his shares at $33.71. How much money did martin make?

Answer 1

Difference: 33.71 - 24.53 = 9.18

9.18*30 = 275.4

Of course, we can't take into account inflation, because nothing is said, I mean that the $24 a few years ago are not the same as today ...

Answer 2

Money did martin make = 275.4 $

Explanation:

Martin brought 30 shares of Microsoft at the close price of $24.53.

Number of shares = 30

Cost per share = 24.53 $

Total cost = 30 x 24.53 = 735.9 $

Martin sells all of his shares at $33.71

Selling price per share = 33.71 $

Total selling price = 30 x 33.71 = 1011.3 $

Gain for Martin = 1011.3 - 735.9 = 275.4 $

Money did martin make = 275.4 $