Question

Mr. Chan wants to sell some or all of his shares of stock in a company. He purchased 90 shares for $0.50 each last month, and the shares are now worth $3.80 each. If he sells half of his shares, how much of a profit will he earn? *

Answer 1

Mr Chan spent

$90\cdot 0.5 = 45$

dollars when he bought the shares. If he sells 45 shares at 3.80, he will gain

$45\cdot 3.8 = 171$

dollars. So, the net profit would be

$171-45 = 126$