Question

Jason bought 20 shares of stock for $58 a share. He sold it one year later for $67 a share. What was his percentage return?

Answer 1

Given:

There are given that Jason bought 20 shares of stocks for $58 a share and sold for $67.

Step-by-step explanation:

To find the value percentage, first, findthe total share for both of the vvalues

So,

First, find the amount for 20 shares.

So,

`58*20=1160`

And,

For the sold share:

The total amounts are:

`67*20=1340`

Now,

For the percentage:

`\frac{total\text{ sold amount - total bought }}{total\text{ bought}}*100`

Then,

Put all the values into above formula:

`\begin{gathered} \frac{total\text{ sold amount-total bought}}{total\text{ bought}}*100=(1340-1160)/(1160)*100 \\ =(180)/(1160)*100 \\ =0.155*100 \\ =15.5 \end{gathered}`

Final answer:

Hence, the value of a percentage return is 15.5%

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