Question

Tim bought 100 shares of abc at $5.25 with no load. And 100 shares of sea at$6.00 which had a load of $275. If the selling price is $1750 how much will Tim have earned?

Answer 1

Answer: The money earned by Tim is $ 35

Step-by-step explanation:

We are given:

Number of shares of abc bought = 100

Price of 1 share of abc = $5.25

Number of shares of sea bought = 100

Price of 1 share of sea = $6.00

Load amount on sea share = $275

Selling price of the shares = $1750

Cost price of the shares = $(100\times \ 5.25)+(100\times \ 6.00)+\ 275=\ 1400$

To calculate the amount of money earned by Tim, we subtract the cost price from selling price:

Money earned = $\ 1750-\ 1400=\ 350$

Hence, the money earned by Tim is $ 350

Answer 2

Altogether, Tim spent
  100*$5.25 +100*$6.00 +$275 = $1400
on the purchase of his shares. If he sells them for $1750, he will have earned
  $1750 -1400 = $350

Tim will have earned $350 at the given selling price.