Question

David bought 30 shares of Amazon at the close price of $121.00. In a few years, David sells all of his shares at $143.50. How much money did David make?

Answer 1

First, let's calculate the amount the David paid:
We are given that:
i- David bought 30 shares
ii- Price of each share is $121
Therefore:
amount paid = 121 * 30 = $3630

Now, let's calculate the amount he received when he sold the shares:
We are given that:
i- David sold the 30 shares
ii- Price of each share is $143.5
Therefore:
amount gained = 143.5 * 30 = $4305

Finally, let's calculate David's profit:
The profit would be the difference between what David gained when he sold the shares and what he paid when he bought them.
Therefore:
David's profit = 4305 - 3630 = $675

Hope this helps :)