Question

General Motors stock fell from 32$ per share in 2006 to 20$ per share during 2008. A) If you bought and then sold 300 shares all these prices what was your loss B) Exress your loss as a percent of the purchase price

Answer 1

Explanation:

total purchase price = 32*300 = 9600

total selling price = 20*300 = 6000

Net capital loss =total purchase price- total selling price =9600-6000 = 3600. Purchase price of one share is 32

Selling price of one share is 20

Number of shares bought are 300 Net % loss = (3600*100)/9600=37.5%