Two part question:

What would you earn when you exercise a call option that you bought for a premium of $2 per share and a strike price of $35 per share if the price of the underlying stock was $47 per share on the options expiration date?

What would you earn on a put option with a strike price of $20 per share if the underlying stock was selling for $23 per share on expiration day? Assume the premium you paid on this put option was $1 per share.