Johnny Bravo bought Amazon 25 shares at $50. He sold them at $2346 a few years later. How much money did he make on this stock?
1 answer:
Answer:
$1096
Step-by-step explanation:
If Johnny Bravo bought Amazon 25 shares at $50, the cost price is expressed as;
Cost price of 25shares = 25 * 50
Cost price of 25shares = $1,250
If he sold them at $2346 a few years later
Profit = Selling price - Cost price
Profit made = 2346 - 1250
Profit made = $1096
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