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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asked Jun 26, 2018 107k views

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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

Mathematics
high-school

Skurty asked

by Skurty

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6 votes

Answer:

Explanation:

Pwdyson answered Jun 28, 2018

by Pwdyson

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27000/1350= $20 selling price per share

Profit= $20-$12= $8

Final answer: $8

Tomlogic answered Jun 30, 2018

by Tomlogic

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