I struggle with basic math so please help
I want to know how to calculate potential profit...need easy explanation as if you are teaching a little student,
Let's say in the following example scenario: I have invested $200 into an alt-coin priced at $5.50. Few months later, it reaches $12. So how do I calculate how much profit I will have made? Is this the correct calculation? Divide 200/5.50, which is 36.36. Then multiply 36.36 by 12, which is 436.32. Then subtract 436.32 minus initial investment (200). So will I have made $236.32? Is this the right way to calculate