Beth bought stock in Apple for $800. While she owned it, she received 20% of the purchase price in dividends. When she sold the stock, at the end of the year, she made a profit of $160. What percent of the cost was the total profit? Use % sign in your answer.
Beth bought stock in Apple for $800. While she owned it, she received 20% of the purchase price in dividends. When she sold the stock, at the end of the year, she made a profit of $160. What percent of the cost was the total profit? Use % sign in your answer.
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
Related questions
Question
Beth bought stock in Apple for $800. While she owned it, she received 20% of the purchase price in dividends. When she sold the stock, at the end of the year, she made a profit of $160. What percent of the cost was the total profit?
Use % sign in your answer.
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