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?

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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?

Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, he made 2$ profit on each share. He bought 1500 shares (12000/8) and sold all of them for 15000 which means that he sold each share for 10$ (15000/1500) So he got got a profit of 2$ (10$-8$)

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Asked 1/24/2018 11:45:47 AM

Updated 2/10/2021 10:14:00 PM

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Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, he made 2$ profit on each share.

He bought 1500 shares (12000/8)
and sold all of them for 15000 which means that he sold each share for 10$ (15000/1500)
So he got got a profit of 2$ (10$-8$)

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Added 2/10/2021 10:14:00 PM

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Questions asked by the same visitor

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

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Updated 4/26/2020 9:50:22 PM

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Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, the profit on each share is $2.

Solution: 12,000/8=1500 shares; Profit of 3,000 / 1500 = 2.

Added 4/26/2020 9:50:22 PM

This answer has been confirmed as correct and helpful.

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

Weegy: Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, the profit on each share is $2. Solution: 12,000/8=1500 shares. 15000/1500 = 10. 10 - 8 = $2. (More)

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Asked 1/24/2018 11:45:06 AM

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