Mathematics, 02.02.2020 06:40 madivassallo

5. a local hairdresser bought 450 shares of a cosmetics corporation for
$33.50 per share. he sold the shares for $39.01 per share.
a. what was the percent increase in the price per share? round to!
the nearest tenth of a percent.
b. what was the total purchase price for the 450 shares?
c. what was the total selling price for the 450 shares? !
d. what was the percent capital gain for the 450 shares? round to
the nearest tenth of a percent.

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Answer from: merzedes

The percent increase in the price per share is 16.4%.

The total purchase price for the 450 shares is $15,075.

The total selling price for the 450 shares is $17,554.50.

The percent capital gain for the 450 shares is 16.4%.

How to determine the percent increase in the price per share

Percent increase in the price per share = (change in price per share / purchase share price) x 100

change in price per share = $39.01 - $33.50 = $5.51

($5.51 / $33.50) x 100 = 16.4%

How to determine the total purchase price

Total purchase price = number of shares bought x price per share

450 x $33.50 = $15,075

How to determine the total selling price

Total selling price = number of shares sold x price per share

450 x $39.01 = $17,554.50

The percent capital gain is the same as the percent increase in price per share. It is 16.4%

A similar question was answered here: link

Answer from: Bryanguzman2004

Step-by-step explanation:

5. (a)

% increase = (new number - original number) / original number) * 100

= ((39.01 - 33.50) / 33.50) * 100

= (5.51 / 33.50) * 100

= 0.1644 * 100

= 16.44 rounds to 16.4% increase <==

(b).

total purchase price...he bought 450 shares for 33.50 per share..

450 * 33.50 = $ 15,075 <==

450 * 39.01 = $ 17,554.50 <==

(d) percent capital gain..

% cap gain = (sold for - paid for) / paid for ) * 100

= (17,554.50 - 15,075) / 15,075) * 100

= (2479.50 / 15,075) * 100

= 0.1644 * 100

= 16.4% gain <===

Answer from: Quest

Img()3! : $3! : ! ? : $ sugz

Answer from: Quest

ddd

step-by-step explanation:

Idon't know why, it didn't show my pic last time, so here we go..

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5. a local hairdresser bought 450 shares of a cosmetics corporation for
$33.50 per share. he s...

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