When you see a "%" you need to ask " a percent of what"?
Here, it's a percent of the original prize, so the discount is 20% of the original prize, that is 20% of 35.
20% is also 20/100 or 1/5, so we can calculate this like this:
so the discount is 7 dollars.
The maximum possible profit = $7068
For given question,
One Microsoft July $72 put contract for a premium of $1.32
The payoff arise from put option is max (K - S, 0) - P
Now it would be maximum at S = 0
And, the maximum payoff is
K - 0 - P
= K - P
= 72 - 1.32
= $70.68
We assume that for each and every contract the number of shares is 100
So, the maximum profit gained from this strategy is
= $70.68 × 100 shares
= $7068
The maximum profit that will be gained from this strategy is $7068
Therefore, the maximum possible profit = $7068
Learn more about the profit here:
brainly.com/question/20165321
#SPJ4
Answer:
Latrece will keep $135
Step-by-step explanation:
First, if she sold 18 bracelets, then 18 x 4 = 72.
Latrece will give her friend $72, so 207 - 72 = 135.
Hope this helps!
Answer: 44 bowls
Step-by-step explanation:
94.6 divided by 2.15 = 44 bowls of soup
***If you found my answer helpful, please give me the brainliest. :) ***
Your answer would be 5.10... Hope this helps :)
