determining profit or loss from an investment . three years ago, you purchase 150 shares of IMB stock for92 a share today you sold your imb stck for 108 a share . for this problem , ignore commissions that would be chargeto buy and sell im shares

Question

determining profit or loss from an investment . three years ago, you purchase 150 shares of IMB stock for92  a share today you sold your imb stck for 108 a share . for this problem , ignore commissions that would be chargeto buy and sell im shares

anonymous · Answer

Profit of 1 share:108 - 92 = $16
Total profit of 150 shares: 150 * $16 = $2,400