Math, asked by Macpreneur, 10 months ago

Lena bought 400 Alpha Company shares at N1.50 each and sold them at N2.05 each. What was her gain?

Answers

Answered by empathictruro

2

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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