Question

If you bought 10 shares of TSLA stock in the beginning of November 2019 at $200 a share ($2000 spent) and sold them for $500 a share at the end of June 2020, what was your total return?

Answer 1

We will solve as follows:

*We determine the return as follows:

*First: We determine the total earned after selling:

$500\cdot10=5000$

+Second: We determine the change between the money gained and the money spent buying them:

$c=5000-2000\Rightarrow c=3000$

So, the total return was $3000.