Answer:
The profit was $5.50
Step-by-step explanation:
We know that profit = selling price - buying price.
Given,
purchasing price of shares is = $14.875
The selling price of shares is = $20.375
Therefore, profit of selling the shares = $20.375 - $14.875 = $5.50.
So, Ted Andrews can make $5.50 of profit by selling 15 shares.
For one share, he can earn 5.5/15 = 0.37
