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
Based on the profit made from selling the stock, the return on investment was 13.9%.
First find the profit made:
= 25 shares x (11.22 - 9.85)
= $34.25
The return on investment is:
= Profit / Purchase price x 100%
Solving would give:
= 34.25 / (9.85 x 25 shares) x 100%
= 13.9%
In conclusion, the return on investment is 13.9%
Find out more at https://brainly.com/question/11975396.
