karamichelle2612
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Caroline bought 20 shares of stock at 101/2, and after 10 months the value of the stocks was 111/4. If Caroline were to sell all her shares of this stock, how much profit would she make

Respuesta :

Edufirst
I believe that the right prices are [tex]10 \frac{1}{2}[/tex] and [tex]11 \frac{1}{4} [/tex].

Based on that the profit per share is 11.25 - 10.5 =0.75

Now muliply the profit per share by the number of shares: 20*0.75 = 15

The profit would be 15.

Answer:

$15 profit would she make

Step-by-step explanation:

Given the statement: Caroline bought 20 shares of stock at [tex]10\frac{1}{2}[/tex] and after 10 months the value of the stock was [tex]11\frac{1}{4}[/tex] if Caroline were to sell all her shares of this stock.

[tex]\text{Profit} = 11\frac{1}{4}-10\frac{1}{2} = 11.25- 10.5 = 0.75[/tex]

Number of share = 20.

[tex]\text{Total profit } = 0.75 \times 20 =\$15[/tex]

Therefore, the profit would she make is, $15

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