Answer:
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)
