MATH SOLVE

2 months ago

Q:
# 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 shareb.loss of $2 per sharec.profit of $0.67 per shared.profit of $2 per share

Accepted Solution

A:

d; profit of $2 per share. divide 450 by 75 get 6 then 400 by 50 and get 8. subtract 6 from 8 and get two.