Wht is 60% of $3000?

an investor bought a stock fo $30 per share and later sold it for $50 per share. the investor bought the stock on margin. the requirement is 60%. wht is the percentage earned on the investment? this is a homework question in investment. i just cant figure it out,

If the margin is 60%, then even though the stock cost $30 he only paid $22 for it - so paid $22 - sold it for $50, so he made

5000 - 2200 = 2800$

You don't say how long he held it for, so you can't calculate the annual % earned.

Also, buying on margin has a fee associated with it, which is also not in the problem.

However, I think I told you enough so you can understand it - I'm hoping you want to learn, not just get the answer.

Use a calculator, stupid!

60% of 3000 = $1800.

Have a nice day!

Use a calculator then take 3000 and divide it by 100 you get 30 right then multiply 30 by whatever pecentage your looking for in your case 60% so 30 times 60 = $1800

$1800 is your answer.

1,800

$1800.

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