Joey paid a total of $12,500 for stock that was $4 per share. If he sold his shares for $20,312.50, how much profit on each share did he make? (2 Points)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Workers being paid on commission are stressed over the amount of earning they will have.
O Workers being paid on commission increase the accounting costs of the employer.
Joey paid a total of $12,500 for stock that was $4 per share. If he sold his shares for
$20,312.50, how much profit on each share did he make?
(2 Points)
The value must be a number
7
Carol's total job benefits were $62,250 last year. Her total job expenses for traveling
food for the year were $7,530. What was her total employment compensation?
Transcribed Image Text:Workers being paid on commission are stressed over the amount of earning they will have. O Workers being paid on commission increase the accounting costs of the employer. Joey paid a total of $12,500 for stock that was $4 per share. If he sold his shares for $20,312.50, how much profit on each share did he make? (2 Points) The value must be a number 7 Carol's total job benefits were $62,250 last year. Her total job expenses for traveling food for the year were $7,530. What was her total employment compensation?
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