Question

If you bought 25 shares of MTM stock at 221/4 per share and sold the stock for 333/4 per share, how much profit did you make?

A. $843.75
B. $556.25
C. $277.00
D. $287.50

Answer 1

I am assuming that you mean

22
`(1)/(4)`, which is 22.25
and
11
`(3)/(4)`, which is 33.75

so each share gives you a profit of 33.75-22.25=11.5

and you bought and sold 25 of them, so your profit is 21.5*25=287.50, the last answer!