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1 September, 18:38

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?

a. $28,815.35

b. $17,707.40

c. $6,599.45

d. $11,107.95

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Answers (1)
  1. 1 September, 21:26
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    To solve this, we need to compute the difference between the invested amount for 355 shares and the amount after selling the shares at a price of $49.88 per share. The solution is shown below:

    Difference = Invested amount - Selling amount

    Difference = (355 * $31.29) - (355 * $49.88)

    Difference = $6,599.45

    The answer is the letter "C".
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