Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. The total gain for your investment in ravioli den is $700.
<h3>What is multiplication?</h3>
Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.
The cost of a single share was $45, while the number of shares where 100, therefore, the total cost of purchasing shares is:
Total Cost = $45×100 = $4,500
The selling price of a single share is $52, while the number of shares is the same, therefore, the total selling price is,
Total Selling Price = $52×100 = $5,200
The total gain for your investment in ravioli den is the difference between Total cost and total selling price. Therefore,
The total gain = $5,200 - $4,500 = $700
Hence, The total gain for your investment in ravioli den is $700.
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