Question

NEED HELP!!!!! You sell 400 shares of AVG Technologies (AVG). You purchased the stock at $12.77 per share and sold it at $13.33 per share. How much profit did you make? Show your work.

Answer 1

Answer:

$224

Step-by-step explanation:

You purchased the stock at $12.77 per share, so the total amount you purchase for is:

400 shares * $12.77 = $5108

You spent $5108 on the stock shares.

You sold the stock at $13.33 per share, so the total amount you sold for is

400 shares * $13.33 = $5332

You got $5332 by selling the stock shares.

Profit = $5332 - $5108 = $224

Answer 2

Answer:

Your profit is 224

Step-by-step explanation:

12.77•400= 5,108

13.33•400= 5,332

5332-5108= 224