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"Ms. G has bought 6 shares of stock and bought them at $4 3/4. She sold her shares at $5 1/2. What is her profit?

A. $3/4
B. $1 1/4
C. $1 3/4
D. $2 1/4"

User Ksimons
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1 Answer

6 votes

Final answer:

Ms. G's total profit from selling her 6 shares is $4.50, which is $0.75 per share multiplied by 6 shares. The options provided in the question seem to consider per share profit rather than the total profit, therefore her profit per share is $0.75 and the total profit is $4.50.

Step-by-step explanation:

To calculate Ms. G's profit from buying and selling her shares, we need to find the difference between the selling price and the buying price, and then multiply that difference by the number of shares she sold.

The buying price per share was $4 and 3/4, or $4.75 in decimal form. The selling price per share was $5 and 1/2, or $5.50 in decimal form. To find the profit per share, we subtract the buying price from the selling price:

Profit per share = Selling price - Buying price
Profit per share = $5.50 - $4.75
Profit per share = $0.75

To find the total profit for all 6 shares, we multiply the profit per share by the number of shares:

Total profit = Profit per share × Number of shares
Total profit = $0.75 × 6
Total profit = $4.50

Therefore, Ms. G's total profit is $4.50, which corresponds to choice A. $3/4 as the profit per share and a total of $4.50 for 6 shares.

User Richardkmiller
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