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

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23 votes

Answer:

selling price$840

it's a loss.

Explanation:

cost price = 28× 30 = $840

selling prince =25×28=$700

since cost price is bigger than selling price, it's a loss.

Amit Baranes answered Sep 10, 2023

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