Question

Caroline bought 20 shares of stock at 101/2, and after 10 months the value of the stocks was 111/4. If Caroline were to sell all her shares of this stock, how much profit would she make

Answer 1

$15 profit would she make

Explanation:

Given the statement: Caroline bought 20 shares of stock at
`10(1)/(2)` and after 10 months the value of the stock was
`11(1)/(4)` if Caroline were to sell all her shares of this stock.

`\text{Profit} = 11(1)/(4)-10(1)/(2) = 11.25- 10.5 = 0.75`

Number of share = 20.

`\text{Total profit } = 0.75 * 20 =\$15`

Therefore, the profit would she make is, $15