Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decided to sell his shares when the share value reached $18.10.
a. What was the amount of his total investment?
b. What was the total amount Jason received when he sold his shares in the Hodge & Mattox fund?
c. How much profit did he make on his investment?