Shares in Starbucks Coffee sold for $57.12 per share eighteen months ago; you purchased 100 shares. You just sold your shares at $68.38 per share. How much profit did you make on the sale?
See a solution process below:
The shares were purchased at:
The shares were sold at:
The difference, which is the profit is:
Another process would be to first subtract the two prices per share and then multiply by the number of shares:
This of course does not include any transaction costs or commissions paid.