Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
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
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.