Question

A business person invested $3600.00 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?

Answer 1

Given that the total profit is $2400.00 and he made $30.00 in profit for each share.

Number of shares = $2400 ÷ 30 = 80

Answer: He bought 80 shares