Question

You buy 45 shares of Evu Confectioners at $63.12 apiece. Unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. How much money did you lose?

Answer 1

You lose 986.40 because 63.12-41.30*45

Answer 2

Total loss will be $986.4

Step-by-step explanation:

We have given that someone 45 shares of Evu Confectioners at $63.12

So total cost required to buy the share cost price = 45×$63.12 = $2840.4

Now due to hard times he sell the share at price of $41.20 per share

So to total selling price = 45×$41.20 = $1854

We have to find the total loss

We know that loss is given by

Loss = cost price - selling price

So loss = $2840.4 - $1854 = $986.4