an investor purchased 40 shares of stock in a...
an 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? gain or loss = $?
Answer
# Answer:
$272$
# Explanation:
## Step1: Calculate selling - price
$37\times40 = 1480$
## Step2: Calculate total cost
$1200 + 8=1208$
## Step3: Calculate gain
$1480-1208 = 272$