Question

(Please show work and No links) 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?

Answer 1

Let C be the total cost;

`c = 28 * 30 = 840`

Let R be the total revenue;

`r = 28 * 25 = 700`

Let P be the net profit;

`p = r - c`

`p = 700 - 840 = - 140`

There was a 140$ net loss.