She made $6599.45 profit by selling her shares.
Gain or loss can be computed as: selling price - initial purchase price.
Positive outcome means gain, while negative outcome means loss.
Information about the problem:
Number of shares = 355
Initial purchase price per share = $31.29
Selling price = $49.88
Profit or loss per share = selling price - initial purchase price
= $49.88 - $31.29 = $18.59
Positive outcome means she get profit from selling her shares.
Since she bought 355 shares, we need to multiply the profit per share by the number of shares.
Hence,
Total profit = 355 x $18.59 = $6,599.45
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