You purchase 100 shares of ravioli den for $45/share. One year later, you sell the shares for $52/share. What was your total gai

Question

Dimas [21]

2 years ago

11

You purchase 100 shares of ravioli den for $45/share. One year later, you sell the shares for $52/share. What was your total gai

n for your investment in ravioli den?

Mathematics

1 answer:

Andreas93 [3] · Answer 1 · 2023-09-21T17:50:41+03:00

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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