Elly buys 75 shares of stock in a mutual fund for a total investment of $450. She sells 50 shares of her stock for total proceed

Question

3 years ago

8

s of $400. Determine if Elly made a profit or loss, and how much per share.

2 answers:

blagie [28] · Answer 1 · 2022-01-01T14:32:02+03:00

4 0

She made $2 per share

labwork [276] · Answer 2 · 2022-01-01T16:59:23+03:00

Answer:

She made a profit of $ 2 on each share of stock

Step-by-step explanation:

Elly buys 75 shares of stock in a mutual fund for a total investment of $450.

cost of 1 share of stock= $ 450/75

= $ 6

She sells 50 shares of her stock for total proceeds of $400.

selling price of 1 share of stock=$ 400/50

= $ 8

Hence, She made a profit of $ 2 on each share of stock ($8-$6=$2)