Answer:
a. percentage increase in price per share = 12%
b. The total purchase price for the 600 shares is $20,700
c. The profit for the 600 shares is $2,484
d. The profit for the 600 shares is $2,484
Step-by-step explanation:
a. Initial price per share = $34.50
Current price per share = $38.64
Change or increase in price = $38.64 - $34.50 = $4.14
percentage increase in price per share = 12/34.50 x 100% = 12%
b. Total number of shares = 600
Price = $34.50
The total purchase price for the 600 shares = ($34.5x600) = $20,700
c. Total cost of 600 shares = ($34.5x600) = $20,700
Total revenue from sales = ($38.64x600) = $23,184
Profit from the 600 shares = Total selling price - total cost price
= $23,184 - $20,700 = $2,484
d. Total cost of 600 shares = ($34.5x600) = $20,700
Total revenue from sales = ($38.64x600) = $23,184
Profit from the 600 shares = Total selling price - total cost price
= $23,184 - $20,700 = $2,484
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