Division is one of the four fundamental arithmetic operations. The correct option is B, $8.
What is Division?
The division is one of the four fundamental arithmetic operations, which tells us how the numbers are combined to form a new one.
Given that Allen bought 1,350 shares of stock for $12 per share. Also, he sold all his shares for 27,000. Therefore, the selling price of each share is,
The selling price of each share
= Price at which all the shares are sold/ Number of shares
= $27,000 / 1350
= $20
Therefore, the selling price of each share is $20.
Now, the profit that Allen got on each share is the difference between the selling price of each share and the cost price of each share. Therefore, the profit on each share is,
Profit = Selling price - Cost price
= $20 - $12
= $8
Hence, the profit that Allen will make on each share is $8.
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