chinalowk chinalowk

08-06-2021
Mathematics

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Johnny Bravo bought Amazon 25 shares at $50. He sold them at $2346 a few years later. How much money did he make on this stock?

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abidemiokin abidemiokin

17-06-2021

Answer:

$1096

Step-by-step explanation:

If Johnny Bravo bought Amazon 25 shares at $50, the cost price is expressed as;

Cost price of 25shares = 25 * 50

Cost price of 25shares = $1,250

If he sold them at $2346 a few years later

Profit = Selling price - Cost price

Profit made = 2346 - 1250

Profit made = $1096

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