Question

If you bought 100 shares of Company X at $30 per share, and sold it one

month later at $40 per share, what would be your total profit?

Answer 1

$1,000

Step-by-step explanation:

Number of shares bought 100 shares

Buying price = $30

Selling price= $40

The total profit will be total sales - total buying costs

=($40 x 100) -($30 x 100)

=$4,000 - $3,000

=$1,000