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You bought 100 shares of stock at $15 per share. You sold your 100 shares at $21.75 per share. Calculate your total profit from the sale.

Respuesta :

blueberry0205

Answer:

$675

Step-by-step explanation:

You multiply 15 and 100 answer for that is 1500 then you multiply 21.75 and 100 answer for that is 2175 finally you subtract 1500 from 2175 witch gives you the final answer of 675

Total profit from the sale of 100 shares is equals to $675.

What is profit?

" Profit is the amount of money or revenue which we earned when  selling price of a product is more than its cost price."

Formula used

Profit = Selling price - Cost price

According to the question,

Cost price  of 1 share = $15

Therefore,

Cost price of 100 shares = 15 × 100

                                         = $1500

Selling price of 1 share = $21.75

Selling price of 100 shares = 21.75 ×100

                                            = $2175

Selling price > Cost price

Therefore , Profit

Substitute the value in the formula we get,

Profit = 2175 - 1500

         = $675

Hence, total profit from the sale of 100 shares is equals to $675.

Learn more about profit here

https://brainly.com/question/15699405

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