Shark Tank Offers

Problem 1: You purchased 15 shares of TechGiant Inc. at $30 per share. After three months, you sold all the shares at $40 per share. Calculate your profit or loss.

Answer explanation

Answer 1: Cost Price = 15 shares $30/share = $450 Selling Price = 15 shares $40/share = $600 Profit = Selling Price - Cost Price = $600 - $450 = $150

Problem 2: You bought 8 shares of HealthCarePlus for $75 per share. One month later, you sold the shares at $65 per share. What was your profit or loss?

Answer explanation

Answer 2: Cost Price = 8 shares $75/share = $600 Selling Price = 8 shares $65/share = $520 Loss = Cost Price - Selling Price = $600 - $520 = $80

Problem 3: You acquired 20 shares of AutoDrive Co. for $50 each. You sold all these shares four months later at $55 per share. What was your profit or loss?

Answer explanation

Answer 3: Cost Price = 20 shares $50/share = $1000 Selling Price = 20 shares $55/share = $1100 Profit = Selling Price - Cost Price = $1100 - $1000 = $100

Problem 4: You invested in 5 shares of EnergySolutions at $120 per share. Later, you sold these shares for $130 per share. Calculate your profit or loss.

Answer explanation

Answer 4: Cost Price = 5 shares $120/share = $600 Selling Price = 5 shares $130/share = $650 Profit = Selling Price - Cost Price = $650 - $600 = $50

Problem 5: You purchased 25 shares of MobileTech Inc. at $40 per share. Six months later, you sold them for $45 per share. What was your profit or loss?

Answer explanation

nswer 5: Cost Price = 25 shares $40/share = $1000 Selling Price = 25 shares $45/share = $1125 Profit = Selling Price - Cost Price = $1125 - $1000 = $125

Problem: You purchased 12 shares of CleanEnergy Co. for $25 per share. After holding them for a year, you sold all shares for $30 per share. Calculate your profit or loss.

Answer explanation

• Solution:

  • Purchase cost = 12 shares * $25/share = $300

  • Selling price = 12 shares * $30/share = $360

  • Profit = Selling price - Purchase cost = $360 - $300 = $60 profit

Problem: You acquired 5 shares of LuxuryGoods Ltd. for $200 each. You sold them a few months later for $180 per share. What was your profit or loss?

Answer explanation

• Solution:

  • Purchase cost = 5 shares * $200/share = $1000

  • Selling price = 5 shares * $180/share = $900

  • Loss = Purchase cost - Selling price = $1000 - $900 = $100 loss

Problem: You bought 20 shares of FastFoodFrenzy for $10 each. A month later, you sold them for $15 per share. What was the profit or loss?

Answer explanation

• Solution:

  • Purchase cost = 20 shares * $10/share = $200

  • Selling price = 20 shares * $15/share = $300

  • Profit = Selling price - Purchase cost = $300 - $200 = $100 profit

Problem: You invested in 8 shares of TechAdvance Co. at a price of $75 per share. Later, you sold them for $65 per share. Calculate your profit or loss.

Answer explanation

• Solution:

  • Purchase cost = 8 shares * $75/share = $600

  • Selling price = 8 shares * $65/share = $520

  • Loss = Purchase cost - Selling price = $600 - $520 = $80 loss

Problem: You purchased 15 shares of GameHub Inc. for $30 each. After three weeks, you sold all 15 shares for $40 per share. What was your profit or loss on GameHub Inc. stock?

Answer explanation

• Solution:

  • Purchase cost = 15 shares * $30/share = $450

  • Selling price = 15 shares * $40/share = $600

  • Profit = Selling price - Purchase cost = $600 - $450 = $150 profit