Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, how much profit on each share did he make? a. $2 b. $8 c. $10 d. $12

If you would like to know how much profit on each share did he make, you can calculate this using the following steps:

$12,000 / $8 = 1,500 shares

$15,000 / 1,500 shares = $10 per share

x% of $8 is $10

x/100 * 8 = 10 / * 100/8

x = 10 * 100 / 8

x = 125%

125% - 100% = 25%

Miguel made 25% ($2) profit on each share.