Question

Tara bought one share of Apple stock in 2018 for $43.75. Then, three years later, she sold it for $136.76. How much money did she gain/lose with this stock? What was her return on investment?

Answer 1

Answer:

Gain= $93.01

ROI= 212.59%

Step-by-step explanation:

Given data

Cost of apple share in 2018 = $43.75

Sale price of apple share= $136.76

1. Her gain is

Gain= Sales price- Cost price

Gain = 136.76-43.75

Gain= $93.01

2. ROI is

ROI= Gain/cost*100

ROI= 93.01/43.75*100

ROI=2.1259*100

ROI= 212.59%