Convinced this green light question is wrong ?

topcat
topcat Trusted RegularRegistered Posts: 452
Or i am i dont know any more , it is hard to know when they have mistakes in them!

i think it is the answer i have unless i am missing something?

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Comments

  • coojee
    coojee Experienced Mentor Registered Posts: 794
    Their answer is correct assuming 31,325 is their answer and your answer is 30,525. The explanation is also correct and the working is correct. What did you think was wrong? How did you get to your answer?
  • coojee
    coojee Experienced Mentor Registered Posts: 794
    Just a thought, did you misread the proceeds as £81,000 rather than £81,800?
  • topcat
    topcat Trusted Regular Registered Posts: 452
    coojee wrote: »
    Their answer is correct assuming 31,325 is their answer and your answer is 30,525. The explanation is also correct and the working is correct. What did you think was wrong? How did you get to your answer?

    Thanks coojee

    Here is my workings

    1200 shares at £48,000 (Matched to shares purchased in 30 days after 12th March)

    450 shares at £2475

    This is made up from the pool

    5600 -£11,200
    800 -£24,000

    6400 - £35,200

    £35,200 / 6400 * 450 = £2475



    £81,000 - £48,000 - £2475 = gain £30525

    appreciate your help everyone seems to have legged it from here
  • coojee
    coojee Experienced Mentor Registered Posts: 794
    Ah, so you did misread the proceeds figure then. I did as well to start with.
  • topcat
    topcat Trusted Regular Registered Posts: 452
    coojee wrote: »
    Just a thought, did you misread the proceeds as £81,000 rather than £81,800?

    spot on !!! it now works thanks so much was driving me mad that

    i was starting to blame my calculator :laugh:
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