Question

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. How much were the shares worth when they were originally purchased?

Answer 1

Answer:

That's it... Just sum it ul

Answer 2

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.