Calculate the loss on selling 50 shares of stock originally bought at 13 3/4 and sold at 12
2 answers:
50times 13.75 bc that's what 13 3/4 is so that gives u 68750
Then u do 50times12 that gives u 600
Then u subtract 600 from 68750and it gives u 87.50
Cost per share:
13 3/4 = 13 + 3/4 = (13 * 4 + 3 ) / 4 = (52 + 3 ) / 4 = 55 / 4
Selling price:
12
Loss per share: 55 / 4 - 12 = ( 55 - 48 ) / 4 = 7 /4
7 / 4 = 4 / 4 + 3 / 4 = 1 + 3/4 = 1 3/4 = 1.75
Total loss = loss per share * number of shares
=> 50 * 1.75 = 87.5
Answer: 87.5
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