## 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

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

## Answers ( )

Answer:A

Step-by-step explanation:Sam=50×22=1100Jessica=200×5=1400