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2 years ago

21. You purchase 100 shares of Ravioli Den for $45 per share. One year later, you sell the shares

Mathematics

1 answer:

kicyunya [14]2 years ago

4 0

Answer: 20%

100 shares at $45each cost 100*45 = $4500

After a year, he sold the share at the rate if $52 each and it cost 52*100 = 5200

He received dividend of $2 on each dollars meaning 100*2 = $200

So,

$5200+200 = 5400

Profit = $5400 - 4500 = 900

%profit = 900*100 / 4500 = 20

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