The correct answer is:
$2 per share.
Explanation:
He paid $12000 total, at a rate of $8 per share. This means he bought 12000/8 = 1500 shares.
He sells these 1500 shares for $15000; this means he received 15000/1500 = $10 per share.
This means he made 10-8 = $2 profit per share.
Answer:
$2
Step-by-step explanation:
Cost of 1 share = $8
He bought Shares for amount $12,000
So, He bought number of shares = [tex]\frac{12000}{8}[/tex]
= [tex]1500[/tex]
Now he sold 1500 shares for amount $15000.
So, S.P. of 1 share = [tex]\frac{15000}{1500}[/tex]
= [tex]10[/tex]
So, S.P. of 1 share = $10
C.P. of 1 share = $8
So, profit = S.P. - C.P.
= $10-$8
=$2
Thus he made $2 as profit on each share.