Question

a person sol 100 shares of stock at a profit of 15%. if the selling price for the 100 shares was 2300. what was paid for the stock?

Answer 1

15% of 2300 is = 345

345 is the profit you gained

2300 is the selling price of the stock

2300(selling price) - 345(profit) = 1955

the paid for the stock is 1955