enter the correct answer.\nan investor purchased 50 shares of stock in a company for $2,100, with an $8…

enter the correct answer.\nan investor purchased 50 shares of stock in a company for $2,100, with an $8 commission. later, all of the stock was sold at $38 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 50 shares of stock in a company for $2,100, with an $8 commission. later, all of the stock was sold at $38 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 of purchasing the stock includes the cost of the shares and the commission. The cost of the shares is $2100, and the commission is $8, so total cost $C = 2100 + 8 = 2108$.

Step2: Calculate total revenue from selling

The investor sold 50 shares at $38 per share, so total revenue $R = 50\times38 = 1900$.

Step3: Calculate gain or loss

Gain or loss is revenue minus total cost, so $Gain/Loss = R - C = 1900 - 2108 = -208$.

Answer:

-208