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3 years ago

5

Calculate the loss on selling 50 shares of stock originally bought at 133/4 and sold at 12.

2 answers:

mina [271]3 years ago

4 0

i hope this helps its $687.50

Allushta [10]3 years ago

3 0

The first thing we should do is to multiply 50 and 13 3/4
13 3/4 is equivalent to 13.75 .
So, we then multiply
50 x 13.75 and we get 687.50.
so, $687.50 was the amount spent on the stock.
Now, lets find out how much they sold them for:
What we do is multiply 12 and 50
50 x 12 would be 600
We can find out the loss by subtracting
$687.50 - $600 and that gives us $ 87.50.
Therefore, $87.50 is your answer :)

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