Question

a few years ago, melky bought 100 shares of a cologne company's stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share. What was her loss?

Answer 1

$489
$16.77*100
-
$11.88*100
=$489

Answer 2

Answer:

$489.

Step-by-step explanation:

We have been given that a few years ago, Melky bought 100 shares of a cologne company's stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share.

First of all, we will find the difference of purchase price of per share and selling price of per share.

$\text{Loss per share}=\ 16.77-\ 11.88$

$\text{Loss per share}=\ 4.89$

$\textMelky's loss}=\ 4.89\times 100$

$\textMelky's loss}=\ 489$

Therefore, Melky lost $489 in total.