an investor purchased 40 shares of stock in a...
an investor purchased 40 shares of stock in a company for $2,000, with an $8 commission. later, all of the stock was sold at $51 per share. what was the gain or loss on this investment? gain or loss = $?
Answer
# Answer:
$152$
# Explanation:
## Step1: Calculate total selling - price
The investor sold 40 shares at $51$ per share. So the selling - price is $40\times51 = 2040$ dollars.
## Step2: Calculate total cost
The investor bought the stock for $2000$ dollars and paid an $8$ - dollar commission. So the total cost is $2000 + 8=2008$ dollars.
## Step3: Calculate gain or loss
Gain or loss=Selling price - Total cost. So, $2040-2008 = 152$ dollars. Since the result is positive, it is a gain of $152$ dollars.