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Homework answers / question archive / Gore 30 ex My Mothla 50 Seved Help Save Prema purchased 33 ounces of gold in 2005 for $392 per ounce in order to try to diversity her investment portfolio She sold a third of her holdings in gold in 2009 at a price $944 per cunce

Gore 30 ex My Mothla 50 Seved Help Save Prema purchased 33 ounces of gold in 2005 for $392 per ounce in order to try to diversity her investment portfolio She sold a third of her holdings in gold in 2009 at a price $944 per cunce

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Gore 30 ex My Mothla 50 Seved Help Save Prema purchased 33 ounces of gold in 2005 for $392 per ounce in order to try to diversity her investment portfolio She sold a third of her holdings in gold in 2009 at a price $944 per cunce. She sold the rest of her gold holdings in 2010 for 51166 per ounce What is Prema's profit in 2009 and 2010? 2010 Prema's profil 2000

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ANSWER

QUANTITY = 33 OUNCES

PURCHASE PRICE= 392

2009

2009 GOLD PRICE PER OUNCE = 944

2009 PREMA'S PROFIT = 33/3 x (944 -392)

= 6,072

2010

2010 GOLD PRICE PER OUNCE = 1166

2010 PREMA'S PROFIT = 22 x (1166 - 392)

=17,028

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