Question: A trader bought 100 shares at $50 each and sold them at $60 each. What is the total profit?
Options:
$1000
$500
$600
$700
Correct Answer: $1000
Solution:
Total Profit = (Selling Price - Cost Price) * Number of Shares = (60 - 50) * 100 = $1000
A trader bought 100 shares at $50 each and sold them at $60 each. What is the to
Practice Questions
Q1
A trader bought 100 shares at $50 each and sold them at $60 each. What is the total profit?
$1000
$500
$600
$700
Questions & Step-by-Step Solutions
A trader bought 100 shares at $50 each and sold them at $60 each. What is the total profit?
Step 1: Identify the cost price of each share. The cost price is $50.
Step 2: Identify the selling price of each share. The selling price is $60.
Step 3: Calculate the profit made on each share by subtracting the cost price from the selling price: $60 - $50 = $10.
Step 4: Determine the total number of shares sold. The trader sold 100 shares.
Step 5: Calculate the total profit by multiplying the profit per share by the number of shares: $10 * 100 = $1000.
Profit Calculation – Understanding how to calculate profit by subtracting the cost price from the selling price and multiplying by the number of shares.
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