Answered

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Sagot :

Answer:

22.50%

Step-by-step explanation:

Rate of return = ( Return on stocks / price at which it is bought) x 100

Return on stocks = (price at which it is sold - price at which it is bought )

Price at which 20 stocks are bought = 20 x 20 = $400

Return = $490 - $400 = $90

($90 / $400) x 100 = 22.50%

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