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In 1978 Juan bought 24 ounces of gold for $3,960 as protection against rising inflation. He sold half the gold in 1980 at a price
In 1978 Juan bought 24 ounces of gold for $3,960 as protection against rising inflation. He sold half the gold in 1980 at a price of $630 an ounce. Juan sold the other half in 1982 when the price was $395 an ounce.
What was Juans profit in 1980 and in 1982?
Juan's profit in 1980 :
Juan's profit in 1982 :
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