Nmorfoot81 Nmorfoot81
  • 06-10-2021
  • Mathematics
contestada

I bought 3,000,000 shares at .000007. what would my gain be if it reached .01 .

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LammettHash
LammettHash LammettHash
  • 06-10-2021

If 1 share had an initial cost of $0.000007, then 3,000,000 shares would be worth

(3,000,000 shares) × ($0.000007/share) = $21

If the price increases to $0.01 per share, then the same number of shares would have a value of

(3,000,000 shares) × ($0.01/share) = $30,000

So you've gained a net profit of $30,000 - $21 = $29,979, which corresponds to a

$29,979 / $21 = 1,427.57 = 142,757%

increase in value.

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