Based on the number of shares that Ralph Warren purchased, the total cost of the stock was<u> $469.63.</u> The amount he received from sales was <u>$447.13.</u> The capital loss was <u>$22.50.</u>
<h3>What was the gain on the sale of the shares?</h3>
The cost of the stock was:
= (27 x 16³/₈) + 27.50
= $469.63
The amount received from sales:
= (27 x 17⁵/₈) - 28.75
= $447.13
This capital gain (loss):
= 447.13 - 469.63
= -$22.50
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Answer:
$157.45
Step-by-step explanation:
All the amounts provided in the question are supposed to be added as a fee, so if you add all the numbers you would get $157.45.
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