Answered

Calculate the loss on selling 50 shares of stock originally bought at 13 3/4 and sold at 12.

A: $87.50

B: $600.00

C: $687.00

D: $80.00

Verified Answer :

Kalahira

50 shares bought at 13 3/4, or 13.75, say cost the buyer $687.50. The market goes up and down, and for some reason this person decides to sell at 1.75 points lower than they purchased. Therefore, they would experience a loss of $87.50.

Answer : A: $87.50

Total shares = 50

Rate of each share bought = @@MATH_TOKEN_0@@

Cost price of 50 shares = 50 * 13.75 = 687.5

Sold rate of each share = 12

Sale price of 50 shares = 50 * 12 = 600

Loss = cost price - sale price

@@MATH_TOKEN_1@@

The loss on selling 50 shares of stock is $87.50

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