a share of stock in the bree medical supply company is quoted at 35 1/4. suppose you hold 20 shares of that stock, which you bou
ght at 31 1/2. if you sold your stock at 35 1/4, which of the following is true? A. you suffered a loss of #630.00. B. you suffered a loss of $75.00. C. you made a profit of $705.00. D. you made a profit of $75.00
Total number of stocks bought = 20 Rate at which each stocks were bought = 31 1/2 = 63/2 Rate at which 20 stocks were bought = 20 * (63/2) dollars = 10 * 63 dollars = 630 dollars Rate at which each stocks were sold = 35 1/4 = 141/4 dollars Rate at which 20 stocks were sold = 20 * (141/4) dollars = 5 * 141 dollars = 705 dollars Then Amount of profit made by selling 20 stocks = (705 - 630) dollars = 75 dollars So the total amount of profit made is $75. The correct option in regards to the given question is option "D".
