Answer:
$3
Step-by-step explanation:
Given
Total Cost Price: $12,000
Unit Cost Price= $6
Total Selling Price = $18,000
Required
Determine the profit on each share
First, we need to determine the units of share bought;
Units = Total cost price / Unit Cost Price
[tex]Units = \frac{\$12000}{\$6}[/tex]
[tex]Units = 2000[/tex]
Next is to determine the selling price of each share; This is calculated as follows;
Unit Selling Price = Total Selling Price / Units Sold
[tex]Unit\ Selling\ Price = \frac{\$18000}{\$2000}[/tex]
[tex]Unit\ Selling\ Price = \$9[/tex]
The profit is the difference between the unit cost price and unit selling price
[tex]Profit = Unit\ Selling\ Price - Unit\ Cost\ Price[/tex]
[tex]Profit = \$9 - \$6[/tex]
[tex]Profit = \$3[/tex]
