General Motors stock fell from 32$ per share in 2006 to 20$ per share during 2008. A) If you bought and then sold 300 shares all these prices what was your loss B) Exress your loss as a percent of the purchase price

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Mathematics

Nikolai Ritter

1 March, 07:14

General Motors stock fell from 32$ per share in 2006 to 20$ per share during 2008. A) If you bought and then sold 300 shares all these prices what was your loss B) Exress your loss as a percent of the purchase price

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Daugherty · Answer 1

Step-by-step explanation:

total purchase price = 32*300 = 9600

total selling price = 20*300 = 6000

Net capital loss = total purchase price - total selling price = 9600-6000 = 3600. Purchase price of one share is 32

Selling price of one share is 20

Number of shares bought are 300 Net % loss = (3600*100) / 9600=37.5%