TEXT ANSWER If you bought 28 shares of stock at $30/sh and sold them at $25/sh. How much did you net after selling the shares? . Was it a profit or a loss?

Question

asked Dec 26, 2023 147k views

1 Answer

Francisco Junior · Answer 1 · 2023-12-31T04:55:44+0000

Answer:

Loss

Explanation:

It would be a loss because you bought them for 30$ but could only sale them for 25$ meaning you lossed 5$.

This means the price you bought them for changed 16.667% decrease.

Hope it helps have a great day:)