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Anna bought $4,000 of company stock. She sold 75% of it when the value doubled, and the remainder at four times the purchase price. What was her total profit?
Answer: C
Explanation: Anna sold 75% of her stock when it was worth $8000. So she took $6000 cash, leaving her with $2000 worth of stock, which she had purchased for $1000. When this stock increased in value to $4000 she sold it and added this to the first $6000 giving her $10,000 in cash. Subtracting the initial $4000 coat of the stock, Anna has made $6,000.
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