elly buys 75 shares of stock in a mutual fund for a total investment of $450. she sells 50 shares of her…

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.\na. loss of $0.67 per share\nb. loss of $2 per share\nc. profit of $0.67 per share\nd. profit of $2 per share\nplease select the best answer from the choices provided

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.\na. loss of $0.67 per share\nb. loss of $2 per share\nc. profit of $0.67 per share\nd. profit of $2 per share\nplease select the best answer from the choices provided

Answer

Explanation:

Step1: Calculate the purchase - price per share

The purchase - price per share is calculated by dividing the total investment by the number of shares bought. So, $\frac{450}{75}=6$ dollars per share.

Step2: Calculate the selling - price per share

The selling - price per share is calculated by dividing the total proceeds by the number of shares sold. So, $\frac{400}{50}=8$ dollars per share.

Step3: Calculate the profit per share

Profit per share = Selling price per share - Purchase price per share. So, $8 - 6=2$ dollars per share.

Answer:

D. profit of $2 per share