. A share of stock in the Lofty Cheese Company is quoted at 25 1/ 4 . Suppose you hold 30 shares of that stock, which you bought at 20 1/ 4 . If you sell your stock at 25 1/ 4 , which one of the following statements would be true? A. You'll suffer a loss of \$15. B. You'll make a profit of \$150. C. You'll make a profit of \$15. D. You'll suffer a loss of \$150.
A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, you'll make a profit of \$150 would be true. Solution: 25 1/4 - 20 1/4 = 5 5 * 30 = 150 (answer)
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Asked 2/9/2018 9:26:12 PM
Updated 7/4/2020 12:51:38 PM
Rating
8
A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, you'll make a profit of \$150 would be true.
Solution:
25 1/4 - 20 1/4 = 5
5 * 30 = 150 (answer)
Added 7/4/2020 12:51:38 PM
This answer has been confirmed as correct and helpful.

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Updated 288 days ago|2/13/2023 12:02:01 AM
Divide 7/24 by 35/48 and reduce the quotient to the lowest fraction is 2/5. (7/24)/(35/48) = 7/24*48/35 = 48*7/24*35 = 2/5
Added 288 days ago|2/13/2023 12:01:57 AM
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