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. $15 B. $10 C. $225 D. $210
First,
101.2=10.50
111/4=11.25
Second, we minus our old by the new.
11.25-10.50=0.75
Then, we times the by stock;answer is below.
0.75 * 20 = 15
Answer:
Option A is correct that is $15.
Step-by-step explanation:
Caroline bought 20 shares of stock at @@MATH_TOKEN_0@@, and after 10 months the value of the stocks was @@MATH_TOKEN_1@@.
We need to calculate the profit which is the difference of the two values of the stock.
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The above value is for 1 share we have to calculate it for 20 shares
So, we will multiply it with 20 we get:
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Therefore, Option A is correct that is $15.