Question

Number 7 I need help

Answer 1

Bought 300 shares at $32:

300 x 32 = $9,600

Sold 300 shares at $20:

300 x 20 = $6,000

A) The loss was 9,600 - 6,000 = $3,600

B) Divide the loss by the purchase price:

3600 / 9600 = 0.375 = 37.5% loss.