Respuesta :
Solution: 25 × $9.85= $246.25 purchase price
25 × $11.22 = $280.5 sale price
$280.5 – $246.25 = $34.25 profit in dollars
$34.25 ÷ $246.25 = 0.139 = 13.9% ROI
Purchase price of the share is equals to 246.25dollars.
Profit percentage is equals to 13.9 percentage ( nearest tenth).
What is purchase price?
" Purchase price is defined as the total amount paid to buy any product."
Formula used
Profit = Selling price - Purchase price
Profit percentage = [tex]\frac{profit}{cost price} (100)[/tex]
According to the question,
Total number of shares = 25
Purchase price of one share = 9.85 dollars
Selling price of 1 share = 11.22 dollars
Therefore,
Purchase price of 25 shares = (9.85 × 25 )dollars
= 246.25 dollars
Selling price of 25 shares = (11.22 × 25) dollars
= 280.5 dollars
Selling price > Purchase price
Therefore,
Profit = Selling price - Purchase price
= 280.5 - 246.25
= 34.25 dollars
Substitute the value in the formula we get,
Profit percentage = [tex]\frac{34.25}{246.25} (100)[/tex]
= 13. 9 percentage ( nearest tenth)
Hence, purchase price of the share is equals to 246.25dollars.
Profit percentage is equals to 13.9 percentage ( nearest tenth).
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