A business person invested $3600 in stock. when he sold the stock he made $30.00 in profit for each share of stock he purchased. if his total profit was $2400.00 how many shares of stock did he purchase?

Question

Mathematics

Zayne Charles

6 May, 19:16

A business person invested $3600 in stock. when he sold the stock he made $30.00 in profit for each share of stock he purchased. if his total profit was $2400.00 how many shares of stock did he purchase?

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Answers (1)

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Jakobe Copeland · Answer 1

How many shares of sto k did this man purchase? well we know that his total profit was $2400. We also know that for each stock he purchased, he profitted $30. now we just need to find how many times he profitted 30. so just divide 2400 by 30. the answer is 80. the 3600 was completely irrelevant/extra