Question

You purchased 100 shares of Nike at $47.75 per share. A year later you sell your 100 shares for $62 per share. Did you make a profit or lose money? How much money did you make or lose? Explain how you calculated your answer.

Answer 1

One share costs $47.75 then hundred shares costs $4775...while selling you would get $6200...so you had a profit of $1425....

However you have wasted one year over it...