Catherine bought 355 shares of trochel office supplies at $31.29 per share. several months later, the price went up and she sold them at $49.88 per share. how much profit did catherine make?
a. $28,815.35
b. $17,707.40
c. $6,599.45
d. $11,107.95

C.6,599.45

Explanation:

To solve this, we need to compute the difference between the invested amount for 355 shares and the amount after selling the shares at a price of $49.88 per share. The solution is shown below:

Difference = Invested amount - Selling amount

Difference = (355 * $31.29) - (355* $49.88)

Difference = $6,599.45

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