Asked by a

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?
a.
$2
b.
$8
c.
$10
d.
$12


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
A

Cost per share = 12000 / 8 = 1500 shares.
Selling price per share = 15000 / 1500 = $10.
Profit per share = 10 − 8 = $2.