an investor purchased 50 shares of stock in a...
an investor purchased 50 shares of stock in a company for $2,250, with an $8 commission. later, all of the stock was sold at $48 per share. what was the gain or loss on this investment? gain or loss = $? enter a gain as positive and a loss as negative.
Answer
# Answer:
$182$
# Explanation:
## Step1: Calculate total selling - price
The number of shares is $50$ and the selling - price per share is $\$48$. So the total selling - price is $50\times48 = 2400$ dollars.
## Step2: Calculate total cost
The cost of purchasing the shares is $\$2250$ and the commission is $\$8$. So the total cost is $2250 + 8=2258$ dollars.
## Step3: Calculate gain or loss
Gain or loss = Total selling - price−Total cost. So, $2400−2258 = 182$ dollars. Since the result is positive, it is a gain of $\$182$.