Question
jose bought 20 shares of netfilx at the close price of $117.98. in a few years, jose sells all of his shares at $128.34. how much money did jose make?
$207.20
$212.50
$192.50
$224.60
$207.20
$212.50
$192.50
$224.60
Answers
GPT-4o mini
To determine how much money Jose made from his investment in Netflix shares, we can calculate the total cost of the shares and the total sales price, then find the difference.
1. **Calculate the total cost of the shares:**
- Price per share at purchase: $117.98
- Number of shares: 20
- Total cost = Price per share × Number of shares = \( 117.98 \times 20 = 2359.60 \)
2. **Calculate the total sales price:**
- Selling price per share: $128.34
- Total sales = Selling price per share × Number of shares = \( 128.34 \times 20 = 2566.80 \)
3. **Calculate the profit:**
- Profit = Total sales price - Total cost = \( 2566.80 - 2359.60 = 207.20 \)
Therefore, Jose made **$207.20**.
1. **Calculate the total cost of the shares:**
- Price per share at purchase: $117.98
- Number of shares: 20
- Total cost = Price per share × Number of shares = \( 117.98 \times 20 = 2359.60 \)
2. **Calculate the total sales price:**
- Selling price per share: $128.34
- Total sales = Selling price per share × Number of shares = \( 128.34 \times 20 = 2566.80 \)
3. **Calculate the profit:**
- Profit = Total sales price - Total cost = \( 2566.80 - 2359.60 = 207.20 \)
Therefore, Jose made **$207.20**.