Lena bought 400 Alpha Company shares at N1.50 each and sold them at N2.05 each. What was her gain?
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Total again of leena is N220
Step-by-step explanation:
Total number of Alpha company shares Lena Bought = 400
price of each Alpha company share = 1.50
therefore,
She spend in Alpha company shares = 400×1.50
= 600
She sold Alpha company shares = 2.05×400
= 820
Formula of gain = Selling Price - Cost Price
Selling Price = 820
Cost Price = 600
Thus,
gain = 820 - 600 = 220
Lena's gain = N220
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