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What is the percent profit made on the sale of 1,000 shares of stock

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Math Expert
Joined: 02 Sep 2009
Posts: 55668
What is the percent profit made on the sale of 1,000 shares of stock  [#permalink]

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07 Jan 2019, 05:07
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Difficulty:

15% (low)

Question Stats:

95% (00:30) correct 5% (00:29) wrong based on 23 sessions

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What is the percent profit made on the sale of 1,000 shares of stock bought at \$10 per share and sold at \$12 per share?

A. 0.2%
B. 2%
C. 16 2/3%
D. 20%
E. 25%

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Intern
Joined: 30 Dec 2018
Posts: 34
What is the percent profit made on the sale of 1,000 shares of stock  [#permalink]

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07 Jan 2019, 05:13
1
Selling price = 1000* 12

Profit = s.p- c.p= 2000

% profit 2000/ 1000= 2%

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CEO
Joined: 18 Aug 2017
Posts: 3879
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: What is the percent profit made on the sale of 1,000 shares of stock  [#permalink]

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07 Jan 2019, 05:23
Bunuel wrote:
What is the percent profit made on the sale of 1,000 shares of stock bought at \$10 per share and sold at \$12 per share?

A. 0.2%
B. 2%
C. 16 2/3%
D. 20%
E. 25%

1000*12-1000*10/10^5
= 20 %
IMO D
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Re: What is the percent profit made on the sale of 1,000 shares of stock   [#permalink] 07 Jan 2019, 05:23
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