You would like to purchase 200 shares of a stock at $7.15/sh. How much are you going to be paying for this?
$27.97
$1,430.00 ***
$143,000.00
One morning you decide to purchase 200 shares of a stock at $8.31/sh. At the end of the day, you sell all of the shares for $7.24/sh. How much did you make or lose?
$214.00 ***
($214.00)
$1,448.00
You decide to invest $3,300 into a stock worth $1.10/sh. You then sell the shares at $3.80/sh. How much did you make?
$8,400
$11,400 ***
$8,100
The first one is right.
Two and three are wrong.
2. D
3. A
2. D Huh?? But you posted only three answers!
3. No.
Please do not post these again. Checking two of your guesses is enough You're on your own now.
To calculate the total cost of purchasing 200 shares of a stock at $7.15 per share, you need to multiply the price per share by the number of shares.
$7.15/sh x 200 shares = $1,430.00
Therefore, the correct answer is $1,430.00.
To calculate the profit or loss from selling 200 shares of a stock bought at $8.31 per share and sold at $7.24 per share, you need to subtract the purchase price from the selling price and then multiply by the number of shares.
($7.24/sh - $8.31/sh) x 200 shares = ($1.07) x 200 shares = -$214.00
Therefore, the correct answer is a loss of $214.00.
To calculate the profit from investing $3,300 into a stock worth $1.10 per share and selling the shares at $3.80 per share, you need to subtract the initial investment from the total selling price.
($3.80/sh - $1.10/sh) x 3000 shares = $2.70 x 3000 shares = $8,100.00
Therefore, the correct answer is $8,100.00.