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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?

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?
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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?

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User Phill Pafford
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The Answer is $2 dollars a share in Profit because 12,000 divided by 8 equals 1,500, and 10 times 1,500 equals 15,000, and finally 10-8=2, $2 in profit per a share.
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User Hajamie
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