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pychu [463]
3 years ago
5

After several shares of the company's stock were sold, a profit of $1,320 was earned. The profit was 15% over a 30 day period. H

ow much were the shares worth when they were originally purchased?

Mathematics
2 answers:
Lesechka [4]3 years ago
7 0

Answer:

That's it... Just sum it ul

FrozenT [24]3 years ago
4 0

Answer:

The shares were worth $8800, when they were originally purchased.

Step-by-step explanation:

After several shares of the company's stock were sold, a profit of $1,320 was earned.

The profit was 15% over a 30 day period.

Let the original price of the shares be = x

As there was a profit of 15% on x.

We get the following expression;

0.15x=1320

Then x = 8800

Hence, the shares were worth $8800, when they were originally purchased.

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