Elly buys 75 shares of stock in a mutual fund for a total investment of $450. She sells 50 shares of her stock for total proceeds of $400. Determine if Elly made a profit or loss, and how much per share.
a.
loss of $0.67 per share
b.
loss of $2 per share
c.
profit of $0.67 per share
d.
profit of $2 per share

Question

Elly buys 75 shares of stock in a mutual fund for a total investment of $450. She sells 50 shares of her stock for total proceeds of $400. Determine if Elly made a profit or loss, and how much per share.
a.
loss of $0.67 per share
b.
loss of $2 per share
c.
profit of $0.67 per share
d.
profit of $2 per share

blake57roger · Answer

Elly buys 75 shares for $450.  The buying price per share is $6.
She sells 50 shares for $400.  The selling price per share is $8.
She made a profit of $2 per share.

griefer101 · Answer

thank you