12
InstructionMultiple Choice

Buying and Selling Stock

Question 12 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Catherine bought 355 shares of Trochel Office Supplies at $31.29 per share. Several months later, the price went up and she sold them at $49.88 per share. How much profit did Catherine make?

Answer
A
$28,815.35
B
$17,707.40
C
$6,599.45
D
$11,107.95

Explanation

Catherine earned $49.88 − $31.29 = $18.59 per share. For 355 shares, her profit was $18.59 × 355 = $6,599.45, so the correct choice is $6,599.45.

AI-written and checked against the verified answer.

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