Ashare of stock in the lofty cheese company is quoted at 25 1/4. suppose you hold 30 shares of that stock, which you bought at 20 1/4. if you sell your stock at 25 1/4, which one of the following statements would be true?
a: you'll suffer a loss of $15
b: you'll make a profit of $15
c: you'll make a profit of $150
d: you'll suffer a lose if $150

Number of stocks held = 30
Price at which each shares of Lofty Cheese Company bought = 20 1/4
                                                                                                 = (81/4) dollars
Price at which each shares of Lofty Cheese Company sold = 25 1/4
                                                                                             = (101/4) dollars
Amount of profit made per share of Lofty Cheese Company = [(101/4 - (81/4)] dollars
                                                                                                 = (20/4) dollars
                                                                                                 = 5 dollars
Amount of profit made for 30 shares of Lofty Cheese Company = (30 * 5) dollars
                                                                                                       = 150 dollars.
So you will make a profit of $150.The correct option in regards to the question given is option "C".

I’ll you if you answer my questions!