Let's break this down step by step!

Part (a) - Determine the Profit/Loss on the NVDA Shares He Bought and Sold

1. Identify the details:

   • Jim bought 250 shares at $276 each in April 2023.
   • In February 2024, NVDA's price was $651.36 per share.
   • Jim sold 100 shares in February 2024.

2. Calculate the amount Jim spent to buy the 100 shares:

   • 100 shares × $276 per share = $27,600. This is how much Jim spent to buy the 100 shares he sold.

3. Calculate how much Jim received when he sold the 100 shares:

   • 100 shares × $651.36 per share = $65,136. This is the total amount Jim received when selling the 100 shares.

4. Determine Jim’s profit/loss on the 100 shares sold:

   • Profit/Loss = Amount received - Amount spent
   • Profit/Loss = $65,136 - $27,600 = $37,536. Jim made a profit of $37,536 on the 100 shares he sold.

5. Now, calculate the profit as a percentage:

   • Formula for percentage profit = (Profit / Cost price) × 100
   • Profit = $37,536
   • Cost price = $27,600 (the amount Jim spent to buy the 100 shares)
   • Percentage Profit = ($37,536 / $27,600) × 100 ≈ 136%.

Part (b) - Determine the Value of the Shares Jim Still Has

1. Identify the remaining shares Jim has:

   • Jim originally bought 250 shares, and he sold 100 shares, so he has 150 shares left.

2. Calculate the current value of those 150 shares (in February 2024):

   • 150 shares × $651.36 per share = $97,704. This is the value of the 150 shares Jim still has.

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Summary of Answers:

• Profit/Loss in $: Jim made a profit of $37,536 from the 100 shares he sold.

• Profit as a %: Jim made a 136% profit on the 100 shares he sold.

• Value of the shares Jim still has: The value of the remaining 150 shares is $97,704.

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Let me know if you'd like more clarification on any part of this process!

Here are 5 questions related to this topic:

1. How would Jim’s profit change if he sold the 100 shares at a different price?
2. How can you calculate the total profit if Jim sells all his remaining 150 shares at the current price?
3. What would Jim's profit/loss be if NVDA's stock price dropped instead of increased?
4. How do you calculate the total value of stocks if you have a different number of shares at the same price?
5. If Jim bought 200 shares instead of 250, how would his profit/loss on the sold shares change?

Tip:

Always make sure to break down the problem into smaller steps, like first calculating the total spent, then the amount received, and finally the difference for profit/loss. This will help keep everything organized!