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Allen bought 1,350 shares of stock for $12 per share. If he sold all his shares for $27,000, how much profit on each share did he make? a. $6 b. $8 c. $10 d. $12

Allen bought 1,350 shares of stock for $12 per share. If he sold all his shares for $27,000, how much profit on each share did he make? a. $6 b. $8 c. $10 d. $12
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Allen bought 1,350 shares of stock for $12 per share. If he sold all his shares for $27,000, how much profit on each share did he make? a. $6 b. $8 c. $10 d. $12

User Skurty
by
7.6k points

2 Answers

6 votes

Answer:

$8


Explanation:


User Pwdyson
by
8.4k points
2 votes
27000/1350= $20 selling price per share

Profit= $20-$12= $8

Final answer: $8
User Tomlogic
by
8.2k points
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