Question

A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, which one of the following statements would be true?

Answer 1

I don't know the options, but I can say this:

if you bought it at 20 1/4 and you sell them at 25 1/4 then your win pro stock is the difference between those two numbers, which is 5. (25 1/4-20 1/4 =5)

and if you sell all of them, your profit will be 30*5=150 dollars.