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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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\$)

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