Ashare of stock in the lofty cheese company is quoted at 251/4. suppose you hold 30 shares of that stock, which you bought at 201/4. if you sell your stock at 251/4, which one of the following statements would be true? a. you'll suffer a loss of $15. b. you'll suffer a loss of $150. c. you'll make a profit of $150. d. you'll make a profit of $15.

C. You'll make a profit of $150.

Step-by-step explanation:

We have been given that a share of stock in the Lofty Cheese Company is quoted at . You hold 30 shares of that stock. You bought the stock at  .

Let us find cost of 30 shares by multiplying cost of each share by 30.

Now let us figure out amount earned from selling these stocks.

Since we know that profit is difference between total revenue (earnings) and cost. So we will subtract cost of 30 shares from revenue earned from 30 shares.

Therefore, you'll make a profit of $150 and option C is the correct choice.