Convinced this green light question is wrong ?

topcat

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?

coojee

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

Just a thought, did you misread the proceeds as £81,000 rather than £81,800?

topcat

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

Ah, so you did misread the proceeds figure then. I did as well to start with.

topcat

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: