Question

A stockholder sold her shares and made a profit of 1328 if that is a profit of 25% how much were the shares worth when she originally purchased them?

Answer 1

To determine the original worth of the shares, we can use the concept of profit as a percentage of the original value. Since the profit is 25% of the original value, we can set up the following equation:

Profit = Original Value x Percentage

1328 = Original Value x 0.25

To solve for the Original Value, we can divide both sides of the equation by 0.25:

Original Value = 1328 / 0.25

Original Value = 5312

Therefore, the shares were worth $5312 when she originally purchased them.