## 10. Sam and Jessica have a contest to see who can earn more profit by investing \$1,000 in the stock market. Sam buys 50 shares of Smar

Question

10. Sam and Jessica have a contest to see who can earn more profit by investing \$1,000 in the stock market. Sam
buys 50 shares of SmartphoneCo for \$20.share. Jessica buys 200 shares of Juice Co for \$5/share. A year later,
Sam sells his SmartPhoneCo stock for \$22.share and Jessica sells her JuiceCo stock for \$7.share. Whose figures
below are correct when it comes to calculating their profits?
a. Sam had a profit of \$1100 and Jessica’s profit was \$1,4000
b. Sam and Jessica both had a total profit of \$2
C. Jessica had a profit of \$4000 and Sam had a profit of \$100
d. Sam and Jessica both had a total profit of \$1,000
e. Since SmartPhoneCo stock was sold at a higher price than JuiceCo, Sam had more profit than Jessica

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4 days 2021-11-24T03:42:24+00:00 1 Answer 0 views 0

## Answers ( )

1. Answer:

A

Step-by-step explanation:

Sam=50×22=1100

Jessica=200×5=1400