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? A. $10 B. $15 C. $225 D. $210
Answer:
$15 profit would Caroline make .
Option (B) is correct .
Step-by-step explanation:
As given
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i.e
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i.e
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Thus
Profit = (Cost of the 20 stock after 10 month - Cost of the 20 stock before 10 month ) × Total number of shares .
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L.C.M of (4,2) = 4
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Profit = 3 × 5
Profit = $15
Therefore the $15 profit would Caroline make .
Option (B) is correct .