jinxLinx jinxLinx

17-03-2022
Mathematics

contestada

TEXT ANSWER
If you bought 28 shares of stock at $30/sh and sold them
at $25/sh.
How much did you net after selling the shares?
.
Was it a profit or a loss?

Respuesta :

rajohnson5404 rajohnson5404

17-03-2022

Answer:

Loss

Step-by-step explanation:

It would be a loss because you bought them for 30$ but could only sale them for 25$ meaning you lossed 5$.

This means the price you bought them for changed 16.667% decrease.

Hope it helps have a great day:)

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