Question

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?

Answer 1

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:)