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Schach [20]
3 years ago
13

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 s

hare did he make?
a.
$2
b.
$8
c.
$10
d.
$12
Mathematics
2 answers:
Vitek1552 [10]3 years ago
7 0

Answer:

Option A.

Step-by-step explanation:

Miguel paid the total amount to purchase the shares = $12000

Cost of one share = $8

So, number of shares purchased = \frac{\text{Total amount paid}}{\text{Price of one share}}

= \frac{12000}{8}

= 1500

Selling price of 1500 shares = $15000

Since profit = Selling price - Cost price

So, net profit = $15000 - $12000

                     = $3000

Profit per share = \frac{\text{Total profit}}{\text{Number of shares sold}}

= \frac{3000}{1500}

= $2

Therefore, Option A. will be the answer.

Fofino [41]3 years ago
3 0
The answer for this question is a) 2$

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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Answer:

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Step-by-step explanation:

We are given that you take a 30-question, multiple-choice test, in which each question contains 4 choices: A, B, C, and D. And you randomly guess on all 30 questions.

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(b) The expected number of correct guesses is given by;

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(c) The standard deviation of the binomial distribution is given by;

      S.D.(X)  =  \sqrt{n \times p \times (1-p)}

                    =  \sqrt{30 \times 0.25 \times (1-0.25)}

                    =  \sqrt{5.625}  =  2.372                

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