jmmoney02
jmmoney02 jmmoney02
  • 26-03-2022
  • Mathematics
contestada

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?

Respuesta :

princechimezirim096
princechimezirim096 princechimezirim096
  • 26-03-2022

Answer:

selling price$840

it's a loss.

Step-by-step explanation:

cost price = 28× 30 = $840

selling prince =25×28=$700

since cost price is bigger than selling price, it's a loss.

Answer Link

Otras preguntas

What is 0.49,0.5 and 1/5 from least to greatest?
110.4 divided by 4 show your work
A tank contained 35 gallons of water at first.Due to leak at the bottom of the tank, the amount of water in the tank decreased to 32 gallons after 1 hour. After
What was Thomas jeffersons flaws
Most early castles had walls that were two feet thick six feet thick eight feet thick
What is a shield volcano?
Multiply and simplify (3x 4) (x 1)
What does wireless technology use to transmit signals? microwaves radio waves ultraviolet waves X-ray
A patients prescription drug coverage under medicare would be billed under which type of medicare
Write and solve an equation. Two fifths of the candies in a bag are mint. If there are 34 mint candies, how many candies, c, total are in the bag? Solve for c.