jmmoney02
contestada

(Please show work and No links) If you bought 28 shares of stock at $30/sh and sold them at $25/sh. And How much did you net after selling the shares? Was it a profit or a loss?

Respuesta :

subtomex0

Let C be the total cost;

[tex]c = 28 \times 30 = 840[/tex]

Let R be the total revenue;

[tex]r = 28 \times 25 = 700[/tex]

Let P be the net profit;

[tex]p = r - c[/tex]

[tex]p = 700 - 840 = - 140[/tex]

There was a 140$ net loss.

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