Answered

If you bought 25 shares of MTM stock at 221/4 per share and sold the stock for 333/4 per share, how much profit did you make?

A$843.75
B$556.25
C$277.00
D$287.50

Verified Answer :

I am assuming that you mean

22\(\frac{1}{4}\), which is 22.25
and
11\(\frac{3}{4}\), which is 33.75

so each share gives you a profit of 33.75-22.25=11.5
 
and you bought and sold 25 of them, so your profit is 21.5*25=287.50, the last answer!

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