SOLUTION: Chip bought 10 shares of Apex Company for $40 each and later sold all of them at $45 each. This transaction resulted in what type of event?

SOLUTION: Chip bought 10 shares of Apex Company for $40 each and later sold all of them at $45 each. This transaction resulted in what type of event?

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Question 974809: Chip bought 10 shares of Apex Company for $40 each and later sold all of them at $45 each. This transaction resulted in what type of event?
Answer by harpazo(655) (Show Source): You can put this solution on YOUR website!
He bought for less and sold for more is called
a PROFIT.
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