Danny bought 2 500 units and 3 000 units of shares of a company at the price of RM1.76 per unit and RM1.68 per unit respectively. At the end, he sold all the shares at the price of RM1.75 per unit. Determine whether Danny gained profit. Give your reason.

Question

05-01-2022
Mathematics

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Danny bought 2 500 units and 3 000 units of shares of a company at the price of RM1.76 per unit and RM1.68 per unit respectively. At the end, he sold all the shares at the price of RM1.75 per unit. Determine whether Danny gained profit. Give your reason.

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