An investor bought shares for $600 and sold them for $720. What is the average p

An investor bought shares for $600 and sold them for $720. What is the average profit per share if 12 shares were bought?

An investor bought shares for $600 and sold them for $720. What is the average profit per share if 12 shares were bought?

Step 1: Identify the cost price of the shares, which is $600.
Step 2: Identify the selling price of the shares, which is $720.
Step 3: Calculate the total profit by subtracting the cost price from the selling price: $720 - $600.
Step 4: The total profit is $120.
Step 5: Identify the number of shares bought, which is 12.
Step 6: Calculate the average profit per share by dividing the total profit by the number of shares: $120 / 12.
Step 7: The average profit per share is $10.

Profit Calculation – Understanding how to calculate total profit by subtracting the cost price from the selling price.
Average Profit – Calculating average profit per share by dividing total profit by the number of shares.