Ask Question
22 May, 03:18

Catherine bought 355 shares of trochel office supplies at $31.29 per share. several months later, the price went up and she sold them at $49.88 per share. how much profit did catherine make?

a. $28,815.35

b. $17,707.40

c. $6,599.45

d. $11,107.95

+5
Answers (1)
  1. 22 May, 06:38
    0
    To solve this, we need to compute the difference between the invested amount for 355 shares and the amount after selling the shares at a price of $49.88 per share. The solution is shown below:

    Difference = Invested amount - Selling amount

    Difference = (355 * $31.29) - (355 * $49.88)

    Difference = $6,599.45

    The answer is the letter "C".
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Catherine bought 355 shares of trochel office supplies at $31.29 per share. several months later, the price went up and she sold them at ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers