if you invest $7500 in a mutual fund at $34.53 per share, how much profit would you make if the price per share increases to $46.17?

7500/34.53 = 217.2 shares

217.2 * 46.17 = $10,028.12

10,028.12 - 7500 = ?

2,528.12

To calculate the profit you would make, you first need to determine the number of shares you can buy with your investment.

Number of shares = Investment amount / Price per share
Number of shares = $7500 / $34.53

Now, let's calculate the number of shares:
Number of shares = 217.36 (rounded to two decimal places)

Next, you can calculate the profit by multiplying the increase in share price by the number of shares you bought.

Profit = (New price per share - Initial price per share) * Number of shares
Profit = ($46.17 - $34.53) * 217.36

Let's calculate the profit:
Profit = $11.64 * 217.36
Profit = $2,528.25 (rounded to two decimal places)

Therefore, if the price per share of the mutual fund increases from $34.53 to $46.17, you would make a profit of approximately $2,528.25.

To calculate the profit made from an investment in a mutual fund, we need to consider the number of shares purchased and the change in price per share. Here are the steps to calculate the profit:

1. Determine the number of shares purchased:
To find the number of shares purchased, divide the total investment amount by the price per share:

Number of shares = Total investment amount / Price per share

In this case, the total investment amount is $7500, and the price per share is $34.53. Therefore:

Number of shares = $7500 / $34.53

2. Calculate the change in price per share:
To determine the change in price per share, subtract the initial price per share from the final price per share:

Change in price per share = Final price per share - Initial price per share

In this case, the initial price per share is $34.53, and the final price per share is $46.17. Therefore:

Change in price per share = $46.17 - $34.53

3. Calculate the profit:
To calculate the profit, multiply the change in price per share by the number of shares:

Profit = Change in price per share * Number of shares

Using the values calculated earlier:

Profit = ($46.17 - $34.53) * (Number of shares)

Now you can substitute the values to calculate the profit:

Profit = ($46.17 - $34.53) * (Number of shares)

Profit = ($11.64) * (Number of shares)

Profit = ($11.64) * (Number of shares)

Profit = ($11.64) * (7500 / 34.53)

Profit ≈ $2538.47

Therefore, if the price per share increases to $46.17, you would make a profit of approximately $2538.47.