countrythyme209 countrythyme209
  • 12-10-2017
  • Mathematics
contestada

Calculate the loss on selling 50 shares of stock originally bought at 13 and 3/4 and sold at 12

Respuesta :

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


Answer Link

Otras preguntas

Because ________ change the identity of the substances involved, they are hard to reverse
While shopping, Santiago spent $57. If the amount he spent was 30% of his savings, how much savings did he have before he shopped?
What is 175 in expanded form
Which quote best expresses John Muir’s philosophy? A. "When we try to pick out anything [in nature] by itself, we find it hitched to everything else in the univ
Why is water neutral despite the production of hydrogen ions and hydroxide ions
According to some students, what is the true purpose of homework?
How do you write 0.05 repeating as a fraction
Who founded the Ottoman Empire? A. Süleyman B. Ismail C. Osman D. Akbar
Marvin completed 8 rounds of a trivia game. The scores he earned for each round are shown in the table: What was his average score?
I'm having trouble showing my work for23 divided by 3