BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Profit stock problems

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Junior | Next Rank: 30 Posts
Posts: 17
Joined: Sun Oct 04, 2009 9:56 pm

Profit stock problems

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
Top
Source: — Problem Solving |
Junior | Next Rank: 30 Posts
Posts: 11
Joined: Mon Jun 21, 2010 6:34 pm
Thanked: 2 times

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)
Top
Post new topic Post Reply
• Page 1 of 1