Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Let's breakdown the problem step-by-step to determine the profit Caroline would make by selling her shares.
1. Initial Value Calculation:
Caroline bought 20 shares initially at a price of \( \$10 \frac{1}{2} \) per share.
This can be represented as \( 10 + \frac{1}{2} = 10.5 \) dollars per share.
Therefore, the initial total value of her shares is:
[tex]\[ \text{Initial Total Value} = 20 \text{ shares} \times 10.5 \text{ dollars/share} = 210 \text{ dollars} \][/tex]
2. Final Value Calculation:
After 10 months, the value of each share increased to \( \$11 \frac{1}{4} \) per share.
This can be represented as \( 11 + \frac{1}{4} = 11.25 \) dollars per share.
Therefore, the final total value of her shares is:
[tex]\[ \text{Final Total Value} = 20 \text{ shares} \times 11.25 \text{ dollars/share} = 225 \text{ dollars} \][/tex]
3. Profit Calculation:
The profit Caroline would make by selling all her shares is the difference between the final total value and the initial total value.
[tex]\[ \text{Profit} = \text{Final Total Value} - \text{Initial Total Value} = 225 \text{ dollars} - 210 \text{ dollars} = 15 \text{ dollars} \][/tex]
So, the profit Caroline would make from selling all her shares is \$15. Therefore, the best answer is:
D. $15
1. Initial Value Calculation:
Caroline bought 20 shares initially at a price of \( \$10 \frac{1}{2} \) per share.
This can be represented as \( 10 + \frac{1}{2} = 10.5 \) dollars per share.
Therefore, the initial total value of her shares is:
[tex]\[ \text{Initial Total Value} = 20 \text{ shares} \times 10.5 \text{ dollars/share} = 210 \text{ dollars} \][/tex]
2. Final Value Calculation:
After 10 months, the value of each share increased to \( \$11 \frac{1}{4} \) per share.
This can be represented as \( 11 + \frac{1}{4} = 11.25 \) dollars per share.
Therefore, the final total value of her shares is:
[tex]\[ \text{Final Total Value} = 20 \text{ shares} \times 11.25 \text{ dollars/share} = 225 \text{ dollars} \][/tex]
3. Profit Calculation:
The profit Caroline would make by selling all her shares is the difference between the final total value and the initial total value.
[tex]\[ \text{Profit} = \text{Final Total Value} - \text{Initial Total Value} = 225 \text{ dollars} - 210 \text{ dollars} = 15 \text{ dollars} \][/tex]
So, the profit Caroline would make from selling all her shares is \$15. Therefore, the best answer is:
D. $15
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.