Question

Caroline bought 20 shares of stock at 101/2, and after 10 months the value of the stocks was 111/4. If Caroline were to sell all her shares of this stock, how much profit would she make

Answer 1

Answer:

$15 profit would she make

Step-by-step explanation:

Given the statement: Caroline bought 20 shares of stock at $10\frac{1}{2}$ and after 10 months the value of the stock was $11\frac{1}{4}$ if Caroline were to sell all her shares of this stock.

$\text{Profit} = 11\frac{1}{4}-10\frac{1}{2} = 11.25- 10.5 = 0.75$

Number of share = 20.

$\text{Total profit } = 0.75 \times 20 =\ 15$

Therefore, the profit would she make is, $15

Answer 2

I believe that the right prices are $10 \frac{1}{2}$ and $11 \frac{1}{4}$.

Based on that the profit per share is 11.25 - 10.5 =0.75

Now muliply the profit per share by the number of shares: 20*0.75 = 15

The profit would be 15.