A business person invested $3600.00 in stock .When he sold the stock he made $30.00 in profit for each share of stock he purchas
ed.If his total profit was $2400.00 How many shares of stock did he purchase?
1 answer:
Given that the total profit is <u>$2400.00</u> and he made <u>$30.00</u> in profit for each share.
Number of shares = $2400 ÷ 30 = 80
Answer: He bought 80 shares
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