enter the correct answer.\nan investor purchased 40 shares of stock in a company for $1,200, with an $8…

enter the correct answer.\nan investor purchased 40 shares of stock in a company for $1,200, with an $8 commission. later, all of the stock was sold at $37 per share. what was the gain or loss on this investment?\ngain or loss = $?\nenter a gain as positive and a loss as negative.

enter the correct answer.\nan investor purchased 40 shares of stock in a company for $1,200, with an $8 commission. later, all of the stock was sold at $37 per share. what was the gain or loss on this investment?\ngain or loss = $?\nenter a gain as positive and a loss as negative.

Answer

Explanation:

Step1: Calculate total cost

The total cost to purchase the stock includes the cost of the shares and the commission. The cost of the shares is $1200 and the commission is $8, so total cost $C = 1200 + 8 = 1208$.

Step2: Calculate total revenue from selling

The investor sold 40 shares at $37 per share, so total revenue $R = 40\times37 = 1480$.

Step3: Calculate gain or loss

Gain or loss is total revenue minus total cost, so $Gain/Loss = R - C = 1480 - 1208 = 272$.

Answer:

272