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lys-0071 [83]
1 year ago
5

A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o

riginally
purchased them? Round to the nearest cent .
Business
1 answer:
tigry1 [53]1 year ago
7 0

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

To learn more about share, click here:

brainly.com/question/28392295

#SPJ1

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