Question

WILL GIVE MEDAL TO BEST ANSWER



Ted Andrews bought 15 shares of Clark Company stock at $14.875. He sold them a month later at $20.375. What was his profit?
Answers:
1.$6.50
2.$49.50
3.$80.50
4.$82.50

Answer 1

First can you tell me what is profit?

Answer 2

It's a financial gain

Answer 3

The answer is 4. $82.50

Answer 4

It is $1 20.375-14.875=6.50

Answer 5

opps i meant #1

Answer 6

Just do 14.875 x 15. Which is 223 dollars. Rounded. Then multiply 20.375 by 15. Which is 305 dollars. 305-223 = 82 Dollarss. So #4 is the right awnser :D

Answer 7

#TakingMedal :D

Answer 8

noo you are taking the amount he bought the share and the amount he sold it at and subtrating it

Answer 9

Exactly. He bought 15 shares of it. So 15 gets multiplied by how much he sold it for. :D

Answer 10

because he sold them at a higher price so you would get 6.50

Answer 11

IT's 6.50, and you multiply it by 15 because he bought 15 of them

Answer 12

SO the answer would be 82.50$

Answer 13

Exactly. So I deserve the medal :D

Answer 14

no he saying he sold all of them for that price it does not say he sold each of them for twenty dollar

Answer 15

He sold each of them for 20 dollars. He bought each of them for 14 dollars. The answer is #4. Just trust me.

Answer 16

What grade are you in?

Answer 17

9 th
it doesnt say that

Answer 18

14.875 times 15 = 223.125 (How much he payed for them all together)

20.375 times 15 = 305.625 (how much he sold them for)

305.625- 223.125= $82.5

Answer 19

So my answer is correct. Sammy224 it could be confusing but you have to think about it. You can't just answer the question without thinking. :D Just saying.