Their selling price was 2.45 times the price they bought it. If they split the profit evenly and there was two of them, multiply their profit by two and divide that number by 800 to find how much more they sold it for, so they sold it for 245% more than they bought it
If you paid $14 for 600, you paid:
600 * 14 = $8,400.00
If you sold them for $15.30 a share, you made:
600 * 15.30 = $9,180
9,180 - 8,400 = $780
The return on the investment being $780
Very very safe investment and not worth it.
I hope this helps you
t=r/r-3
t. (r-3)=r
t.r-3t=r
t.r-r=3t
r (t-1)=3t
r=3t/t-1