countrythyme209 countrythyme209
  • 12-10-2017
  • Mathematics
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Calculate the loss on selling 50 shares of stock originally bought at 13 and 3/4 and sold at 12

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Аноним Аноним
  • 12-10-2017
Note that 13 3/4 = 13.75.

The cost of purchasing the stock is
(50 shares)*(13.75 $/share) = $687.50

The revenue generated by selling the 50 shares at $12 per share is
(50 shares)*(12 $/share) = $600.00

Gain = 600.00 - 687.50 = - $87.50
The loss is $87.50

Answer: $87.50


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