Question

a few years ago, melky bought 100 shares of a cologne company's stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share. What was her loss?

Answer 1

$489
$16.77*100
-
$11.88*100
=$489

Answer 2

$489.

Explanation:

We have been given that a few years ago, Melky bought 100 shares of a cologne company's stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share.

First of all, we will find the difference of purchase price of per share and selling price of per share.

`\text{Loss per share}=\$16.77-\$11.88`

`\text{Loss per share}=\$4.89`

`\textMelky's loss}=\$4.89* 100`

`\textMelky's loss}=\$489`

Therefore, Melky lost $489 in total.