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21 June, 17:30

Calculate the loss on selling 50 shares of stock originally bought at 13 3/4 and sold at 12

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  1. 21 June, 19:44
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    50times 13.75 bc that's what 13 3/4 is so that gives u 68750

    Then u do 50times12 that gives u 600

    Then u subtract 600 from 68750and it gives u 87.50
  2. 21 June, 20:36
    0
    Cost per share:

    13 3/4 = 13 + 3/4 = (13 * 4 + 3) / 4 = (52 + 3) / 4 = 55 / 4

    Selling price:

    12

    Loss per share: 55 / 4 - 12 = (55 - 48) / 4 = 7 / 4

    7 / 4 = 4 / 4 + 3 / 4 = 1 + 3/4 = 1 3/4 = 1.75

    Total loss = loss per share * number of shares

    => 50 * 1.75 = 87.5

    Answer: 87.5
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