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QuizMultiple Choice

Buying and Selling Stock

Question 1 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

The share price of Grath Oil is currently $77.06. Several months ago, when the price was $51.21, Charles bought 186 shares of Grath Oil. If he sells all of his stock in Grath Oil today, how much profit will he make?

Answer
A
$4,716.96
B
$23,858.22
C
$14,333.16
D
$4,808.10

Explanation

Charles’s profit per share is the selling price minus the purchase price: $77.06 − $51.21 = $25.85. For 186 shares, his total profit is $25.85 × 186 = $4,808.10, so the correct choice is $4,808.10.

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