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Castille sold 35 shares of stock for $47.50 a share. She bought the stock for $51 a share last year. What was her dollar return (loss), not counting the commission? $_____loss
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Castille sold 35 shares of stock for $47.50 a share. She bought the stock for $51 a share

last year. What was her dollar return (loss), not counting the commission?
$_____loss

User Thiago Custodio
by
5.4k points

1 Answer

6 votes

Answer:

$122.50

Step-by-step explanation:

The loss will be selling price minus buying price

Loss = (35 x $47.50) - ($35 x 51)

Loss = $1,662.50 - $1,785.00

Loss = -$122.50

Loss = $122.50

User Eric Thomas
by
5.4k points
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