Question

You buy 20 shares of a stock at 31 1/2 and sell at 35 1/4 do you gain or loose how much

Answer 1

Given data:

The given cost price of 20 shares is CP=31 1/2.

The given selling price of 20 shares is SP =35 1/4.

The expression for the profit is,

`\begin{gathered} P=SP-CP \\ =35(1)/(4)-31(1)/(2) \\ =35.25-31.5 \\ =3.75 \end{gathered}`

Thus, the profit on selling 20 shares is 3.75.