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Prema purchased 27 ounces of gold in 2005 for $447 per ounce in order to try...

Prema purchased 27 ounces of gold in 2005 for $447 per ounce in order to try to diversify her investment portfolio. She sold a third of her holdings in gold in 2009 at a price $850 per ounce. She sold the rest of her gold holdings in 2010 for $1,129 per ounce. What would her profit have been if she sold all the gold holdings in 2009?

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Profit if she sold all the gold holdings in 2009 =Price in 2009*Quantity -Price in 2005*Quantity =850*27-447*27 =10881

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