Elly buys 75 shares of stock in a mutual fund for a total investment of $450. she sells 50 shares of her stock for total proceeds of $400. determine if elly made a profit or loss, and how much per share.

She made a profit of $ 2 on each share of stock

Step-by-step explanation:

Elly buys 75 shares of stock in a mutual fund for a total investment of $450.

cost of 1 share of stock= $ 450/75

                                   =  $ 6

She sells 50 shares of her stock for total proceeds of $400.

selling price of 1 share of stock=$ 400/50

                                                 = $ 8

Hence, She made a profit of $ 2 on each share of stock   ($8-$6=$2)

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