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Profit stock problems

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by Fokin » Tue Jun 22, 2010 10:00 pm
MS. Taylor purchased stock for $1,500 and sold 2/3 of it after its value doubled. She sold the remaining stock at 5 times its purchase price. What was her total profit on the stock?

$1,500
$2000
$2,500
$3,000
$6,000
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Source: — Problem Solving |

by vipin85 » Tue Jun 22, 2010 10:07 pm
$3,000

2/3rd of stock at double Price --> $2000

1/3rd of stock at 5 times the purchase price ($500) --> $2500

Total Selling Price = $4500.

Hence total profit = Selling price ($4500)- cost price ($1500)
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