Question

David bought 30 shares of Amazon at the close price of $121.00. In a few years, David sells all of his shares at $143.50. How much money did David make?

Answer 1

Answer: David made $675 from 30 shares.

Step-by-step explanation:

Since we have given that

Number of shares = 30

Cost price of shares of Amazon = $121.00

So, total cost price of shares of Amazon is given by

Number of shares × Cost price of each share

$30\times 121\\\\=\ 3630$

Selling price of each share = $ 143.50

So, total selling price of shares of Amazon is given by

Number of shares × Selling price of each share

$30\times 143.50\\\\=\ 4305$

So, Amount David made is given by

Selling Amount - Paid Amount

$4305-3630\\\\=\ 675$

Hence, David made $675 from 30 shares.

Answer 2

Is that price per share? It would appear so.

(30 * 121) = $3630 he paid.

(30 * 143.50) = $4305 he sold for.

$4305 - $3630 = $675 profit.