Question

A stockholder sold her shares and made a profit of $1,466. If this is a profit of 23%, how much were the
shares worth when she originally purchased them?

Answer 1

Step-by-step explanation:

100/ 100×100 , 23%/100× 1466 = 337.18

Answer 2

She originally purchased by $6373.91.

Step-by-step explanation:

Since we have given that

Profit = $1466

Profit % = 23%

Let the original amount be 'x'.

According to question, we get that

$\dfrac{23}{100}\times x=1466\\\\0.23x=1466\\\\x=\dfrac{1466}{0.23}\\\\x=6373.91$

Hence, She originally purchased by $6373.91.

# learn more:

Purchased goods worth ₹2000 from Ajay and sold them at a profit of ₹ 500 to Mr. Vijay.

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