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A man bought ABC stock at 19.65 per share and it sold at 23.25 per share What was his profit on 80 shares before deductions for commissions and taxes?
Wiki User
∙ 15y ago
Since the man bought 80 shares and each of them costs 19.65, he spent:
(80)(19.65) = 1572
He sold it for:
(80)(23.25) = 1860
So his profit is:
1860 - 1572 = 288
Wiki User
∙ 15y ago
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Where to use geometric mean?
The geometric mean of two numbers is the square root of their product. So take 12 and 3, their product is 36 and the geometric mean is 6. If you have 3 numbers, take the cube root of the product. For n numbers take the nth root. The geometric mean is used when dealing with percentages and rates of change. Say the growth rate of companies where the rate is given as a percent. I am going to illustrate this with an example. A company growing annually by 2.5%, 3%, and 3.5%, profit in year 1 = 1.025 times profit in year 0 Profit in year 2 = 1.03 times profit in year 1 = 1.03 * 1.025 times profit in year 0 Profit in year 3 = 1.035 times profit in year 2 = 1.035 * 1.03 * 1.025 times profit in year 0 Thus the ratio of the profit in the third year to the profit in the base year is 1.025 * 1.03 * 1.035 If the growth rate had been the same each year, the ratio would be N * N * N For the growth over 3 years to be the same in both cases, we must have 1.025 * 1.03 * 1.035 = N * N * N The solution is N = (1.025 * 1.03 * 1.035)^(1/3) = 1.029992 That is, the cube root of the product of the annual growth factors. This is the geometric mean. (Example courtesy of Doctor Rick, The Math Forum)
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A man bought abc at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deductions for commissions and taxes?
If bought at 19.65 and sold at 23.25 per share the profit from one share is equal to 3.60. For 80 shares the profit would be 288.
A man bought abc stock for 19.65 per share and sold it at 23.25 per share what was his profit on 80 shares before deductions for commissions and taxes?
23.25-19.65=3.6 3.6*80=$288 $288 is the total profit.
A man bought a abc stock at 19.65 per share and it sold at 23.25 per share what was his profits on 80 shares before deductions for commissions and taxes?
Profit on each share = (23.25 - 19.65) = 3.60Profit on 80 shares = (80) x (3.60) = 288, before commissions and taxes.
A man bought abc stock at 19625 per share and it at 23.25 per share what was his profit on 80 shares before dictions for commission and taxes?
First, I will attempt to translate your question. A man bought abc stock at $19.625 per share and sold it at $23.25 per share. What was his profit on 80 shares before deductions for commissions and taxes? Assuming my translation is correct, his gross profit was ($23.25 - 19.625) x 80.
A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes?
A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes the answer is 288.00
A man bought abc stock at 199.65 per share and it sold at 23.25 per sharewhat was his profit on 80 shares before deductions for commissions and taxes?
I'd hate to be the one who had to break the news to him, but he lost $176.40 on each and every share.On 80 shares, he lost $14,112, plus whatever commissions he had to pay to the genius whoguided him through this catastrophe before leaving for his monthly weekend in Bermuda.
A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deductions for commission and taxes?
$3oo.Oo
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Gross means 'before', net means 'after'. Gross profit = sales - cost of sales Net profit = sales - cost of sales - overheads (e.g. telephone, electricity) So gross profit is before deductions, whereas net profit is after all the deductions.
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The original price is the price before adding a profit/costs or before deductions.
A man bought ABC stock at 19.65 per share an it sold at 23.25 per share what was his profit on 80 shares before deductions for commission and taxes?
$23.25 - $19.65 = $3.60/share $3.60 x 80 = $288.00 gross profit
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yes
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