Question

You bought fifteen shares of RCA on 9/3/1929 and sold those fifteen shares on 11/13/1929. How much money would you have either gained or lost?

Answer 1

To calculate the gain or loss on the sale of the RCA shares, we need to know the purchase price and the selling price of each share. Assuming we have this information, the calculation is straightforward: Gain or Loss = (Selling Price - Purchase Price) * Number of Shares. If the result is positive, it represents a gain. If the result is negative, it represents a loss.

Step-by-step explanation:

To calculate the gain or loss on the sale of the RCA shares, we need to know the purchase price and the selling price of each share. Without this information, it is not possible to determine the exact gain or loss. However, assuming we have these prices, the calculation is simple:

Gain or Loss = (Selling Price - Purchase Price) * Number of Shares

If the result is positive, it represents a gain. If the result is negative, it represents a loss.

For example, if you bought the shares for $100 each and sold them for $120 each, the gain would be:

(120 - 100) * 15 = $300