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21 December, 05:14

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?

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  1. 21 December, 05:16
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    The profit was $5.50

    Step-by-step explanation:

    We know that profit = selling price - buying price.

    Given,

    purchasing price of shares is = $14.875

    The selling price of shares is = $20.375

    Therefore, profit of selling the shares = $20.375 - $14.875 = $5.50.

    So, Ted Andrews can make $5.50 of profit by selling 15 shares.

    For one share, he can earn 5.5/15 = 0.37
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