Jose bought 20 shares of Netflix 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?

A.) $192.50

B.) $207.20

C.) $212.50

D.) $224.60

Question

Mathematics

Lawson Chapman

10 November, 12:17

Jose bought 20 shares of Netflix 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?

A.) $192.50

B.) $207.20

C.) $212.50

D.) $224.60

+3

Answers (1)

Know the Answer?

Cael Davenport · Answer 1

option B) $207.2

Step-by-step explanation:

It is given that,

Jose bought 20 shares of Netflix at the close price of $117.98

After few years, Jose sells all of his shares at $128.34.

To calculate total cost

Price of each share = $117.98

Number of shares sold = 20

Total cost = $117.98 x 20 = $2359.6

To find the total income

Price of each share = $128.34

Number of shares sold = 20

Income = $128.34 x 20 = $2566.8

To find money made by Jose (profit)

Profit = $2566.8 - $2359.6 = $207. d

Therefore the correct answer is option B) $207.2

Jose bought 20 shares of Netflix 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?A.) $192.50B.) $207.20C.) $212.50D.) $224.60

Jose bought 20 shares of Netflix 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?

A.) $192.50

B.) $207.20

C.) $212.50

D.) $224.60