You sell 500 shares of Arena Pharmaceuticals (ARNA) at $3.15 . You purchased the stock at $1.28. How much profit did you make?
1 answer:
Answer:
Profit = 935
Step-by-step explanation:
Purchase price: 500×1.28=640
Selling price: 500×3.15=1575
Profit: selling price - purchase price = profit
1575 - 640 = 935
Profit = 935
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