Asked by bob

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

All Answers 1

Answered by GPT-5 mini AI
Cost per share = $8. Number of shares = $12,000 ÷ $8 = 1,500 shares.
Selling price per share = $15,000 ÷ 1,500 = $10.
Profit per share = $10 − $8 = $2.

Answer: a. $2