Question

Kenan bought 186 shares at $25.94 each add them for a lovet at $2344,

A.What was his groas capital loss?
b. What was the percent of loss?

Answer 1

$-2480.84

51.4%

Explanation:

Gross loss = selling price - cost price

cost price = price per unit x total unit bought

186 x 25.94 = $4824.84

$2344 - $4824.84 = $-2480.84

Percent loss = $-2480.84 / $4824.84 x 100 = 51.4%