Question

Your conversation with Becky made you more interested in investing in the stock market. You opened a brokerage account and did some research before making your first investment.

You bought 10 shares of Ford stock at $10.30 each. A few weeks later, you sold all 10 shares for $11.15 per share. What was your profit from this investment?
Question 8 options:

$103.00


$0.85


$8.50


$111.50

Answer 1

Per share profit = $11.15 − $10.30 = $0.85. For 10 shares: $0.85 × 10 = $8.50. So the profit is $8.50.