## Related questions with answers

Question

Gazi Ecevit purchased 200 shares of common stock in the Rivalo Company at $43.68 through an online broker. The commission was$29.95. He later sold the same stock at $41.25, paying commission and fees of$32.25.

What was Gazi's profit or loss on the sale?

Solution

VerifiedStep 1

1 of 2$\$8,217.75-\$8,765.95=-\$548.20$

The profit/loss is the net proceeds decreased by the total cost (if positive then profit, if negative then loss).

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