Lana bought 2 stocks last year and sold both of them yesterday. if the selling price of stock B was twice that of stock A, did Lana make a profit on the sale of these 2 stocks?
1. Lana sold stock A for 20% more than its purchase price
2. Lana sold stock B for more than 90% of its purchase price?
let SP of A be 100 then SP o B is 200
Using (1) we know she made profit on A.
SP 120 CP100
Profit of 16.66 on A
We donot know if she made profit or loss on B
Using (2) we know she made profi on B
SP 190 CP 100
SP 200 CP 200*100/190=105.xx SO pofit of about 95
We donot know if she made profit ot loss on A
Togather SHE MADE PROFIT