a man bought abc stock at $19.65 per share and it at $23.25 per share. what was his profit on 80 shares before dictions for commissions and taxes?1.290 2.80 3.250 4.200 5.300
23.25 - 19.65 = 3.60 per share
multiply that by 80 to get the total profit which is $288
To calculate the profit, we need to find the difference between the selling price and the buying price per share, and then multiply that by the number of shares.
1. Find the difference between the selling price and the buying price per share:
Profit per share = Selling price per share - Buying price per share
Profit per share = $23.25 - $19.65 = $3.60
2. Calculate the total profit by multiplying the profit per share by the number of shares:
Total profit = Profit per share * Number of shares
Total profit = $3.60 * 80 shares = $288
So, the man's profit on 80 shares is $288.
The correct answer is 2. $288.