Math Problem Statement
During 2023, John Miller purchased 150 shares of common stock issued by Logan Development Corporation for 12,000 dollars including commission. Later in the same year, Joh sold the shares for 13,100 dollars after commission.
Profit on this stock transaction
Percentage return on investment
Solution
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Math Problem Analysis
Mathematical Concepts
Financial Mathematics
Profit and Loss
Percentage Calculations
Formulas
Percentage Return formula: (Profit / Cost of Purchase) * 100
Theorems

Suitable Grade Level
Not Applicable
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