ECONOMICS (CBSE/UGC NET)

ECONOMICS

INFLATION

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Rick owns 70 shares of DuPere stock for which he paid a total of $4472. He sold the stock for $84 per share and paid a sales commission of $50. What was his profit or loss on the investment?

A	$1358 profit
B	$1358 loss
C	$1308 profit
D	None of the above

Explanation:

Detailed explanation-1: -Sales per share is a financial ratio that measures the total revenue earned per share over a specific time period. To calculate sales per share, divided total revenue by the average total shares outstanding.

Detailed explanation-2: -If you’re wondering how to calculate stock profit, it’s simple: Take the original price you paid for the stock and subtract it from the price at which you sold it. So if you paid $50 per share and the stock is now worth $55, your profit would be $5 per share.

Detailed explanation-3: -You can calculate the price-to-book, or P/B, ratio by dividing a company’s stock price by its book value per share, which is defined as its total assets minus any liabilities.

Detailed explanation-4: -186.66. Step-by-step explanation: Given: Total investment =Rs.

There is 1 question to complete.