Question

You sell 500 shares of Arena Pharmaceuticals (ARNA) at $3.15 . You purchased the stock at $1.28. How much profit did you make?

Answer 1

Profit = 935

Explanation:

Purchase price: 500×1.28=640

Selling price: 500×3.15=1575

Profit: selling price - purchase price = profit

1575 - 640 = 935

Profit = 935