Mrs Babatunde bought 55 500 shares in North West Textiles at 1.78 per share. Three years later she gave one-third of the shares to her niece as a wedding present. She sold the rest at N3.74 per share. Did she make a profit or loss on her initial outlay? How much, to the nearest naira?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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18 Mrs Babatunde bought 55 500 shares in
North West Textiles at #1.78 per share.
Three years later she gave one-third of the
shares to her niece as a wedding present.
She sold the rest at N3.74 per share.
Did she make a profit or loss on her initial
outlay? How much, to the nearest naira?
Transcribed Image Text:18 Mrs Babatunde bought 55 500 shares in North West Textiles at #1.78 per share. Three years later she gave one-third of the shares to her niece as a wedding present. She sold the rest at N3.74 per share. Did she make a profit or loss on her initial outlay? How much, to the nearest naira?
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