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InstructionMultiple Choice

Buying and Selling Stock

Question 3 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

If you sell 225 shares of Dryas Security at $5.12 per share and 340 shares of Cilla Shipping at $12.43 per share, how much money will you receive, to the nearest dollar?

Answer
A
$1,152
B
$5,378
C
$4,226
D
$3,074

Explanation

The Dryas shares bring in 225 × $5.12 = $1,152. The Cilla shares bring in 340 × $12.43 = $4,226.20, for a total of $5,378.20, which rounds to $5,378; this is choice $5,378.

AI-written and checked against the verified answer.

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