Homework Help: Business Math

Posted by Shari on Sunday, June 24, 2012 at 7:47pm.

A stockholder solder her shares and made a profit of $1,408. If that is a profit of 24%, how much were her shares when she originally purchased them?

Business Math - Ms. Sue, Sunday, June 24, 2012 at 7:50pm
1.24x = 1,408

x = 1,408/1.24

x = 1,135.48

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