Question

if you invest $7500 in a mutual fund at $34.53 per share, how much profit would you make if the price per share increases to $46.17?

Answer 1

7500/34.53 = 217.2 shares

217.2 * 46.17 = $10,028.12

10,028.12 - 7500 = ?

Answer 2

2,528.12