Miguel paid a total of $12,000 for stock that was $8 per share. If he sold all his shares for $15,000, how much profit on each share did he make?

Miguel bought 12,000 ÷ 8 = 1,500 shares. Selling all of them for $15,000 means he received $15,000 ÷ 1,500 = $10 per share. His profit per share was $10 − $8 = $2, so the correct choice is $2.

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