Question

Your favorite stock opened the day's trading at $44.17 per share. When trading closed for the day, your stock was priced at $38.41 per share. If you own 145 shares, what was your profit or loss that day?

Answer 1

$835.20

Explanation:

First you need to find out how many profit you had at first by multiplying 145 and $44.17.

So, 145*$44.17 = 6404.65

Then find out how much profit you had after it decreased by multiplying 145 and $38.41.

So, 145*$38.41 = 5569.45

Now to find how much profit you lost, you have to subtract $6,404.65 and $5,569.45.

$6,404.65 - $5,569.45 = $835.20