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20 May, 06:10

A share of stock in the Bree Medical Supply Company is quoted at 35 1/4. Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?

A. You made a profit of $705.00.

B. You made a profit of $75.00.

C. You suffered a loss of $75.00.

D. You suffered a loss of $630.00.

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Answers (1)
  1. 20 May, 08:07
    0
    Profit = 20 (35 1/4 - 31 1/2) = 20 (3 3/4) = 75

    Correct answer is:

    B. You made a profit of $75.00.
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