Ask Question
30 May, 14:20

Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, how much profit on each share did he make? a. $2 b. $8 c. $10 d. $12

+4
Answers (1)
  1. 30 May, 14:42
    0
    If you would like to know how much profit on each share did he make, you can calculate this using the following steps:

    $12,000 / $8 = 1,500 shares

    $15,000 / 1,500 shares = $10 per share

    x% of $8 is $10

    x/100 * 8 = 10 / * 100/8

    x = 10 * 100 / 8

    x = 125%

    125% - 100% = 25%

    Miguel made 25% ($2) profit on each share.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, how much profit on each share did he ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers