Sabrine purchased 4,500 shares of a mutual fund at an offer price of 8.98 per share. Later, she sold the investment for 7.39 per share. During the time she owned the shares, the fund paid a dividend of 0.58 per share. What was her return on her investment? (Round to the nearest tenth)
A) 9.5
B) 11.2
C) 1.2
D) 6.6
Question 2
Decorative Floors received a 1,200 promissory note at 10.5 simple interest for 4 months from one of its customers. After 1 month, the note was discounted at the Riverview Bank at a discount rate of 14. What are the proceeds Decorative Floors will receive from the discounted note? Use ordinary interest.
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.