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You purchased 40 shares for $3.95/sh. If you sold the shares for a total of $200. Did you net a profit or a loss?

User Anna F
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Answer: profit

Step-by-step explanation:

3.95 (price of one share) multiplied by 40 (the amount of shares bought) would have cost $158. so selling all for $200 would be a $42 profit

User Neshta
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