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?

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