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Calculate the loss on selling 50 shares of stock originally bought at 133/4 and sold at 12. A. $87.50 B. $80.50 C. $687.50 D. $600.00
Loss per share = 13 3/4 -12 = 55/4 - 12 = (55-48)/4 =7/4 . Number of shares = 50. total loss = 50 * 7/4 = 350 /4 =175/2 =$ 87.50
Question|Asked by jonthanborges@gmail.com
Asked 2/1/2018 1:36:22 PM
Updated 2/1/2018 2:47:39 PM
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Loss per share = 13 3/4 -12 = 55/4 - 12 = (55-48)/4 =7/4 . Number of shares = 50. total loss = 50 * 7/4 = 350 /4 =175/2 =$ 87.50
Added 2/1/2018 2:47:39 PM
This answer has been confirmed as correct and helpful.
Rated good by Masamune, Confirmed by Masamune [2/4/2018 10:14:57 AM]
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