Question

Jose is buying and selling stock from his home computer. He owns 250 shares of Company A Corporation and 230 shares of Company B Inc. On March 2, 2006, those stocks had the gain and loss shown in the table below. What was Jose's net gain or loss for the day on those two stocks?Jose's net gain/loss was $?.

Answer 1

From the information available, Jose had a loss of -18 from company A shares, and he also had a loss of -8 from company B shares. Hence, his net loss would be;

`\begin{gathered} Netloss=\text{Loss from A+Loss from B} \\ \text{Net Loss}=-18+\lbrack-8\rbrack \\ \text{Net Loss}=-18-8 \\ \text{Net Loss}=-26 \end{gathered}`

ANSWER:

His net loss therefore is -$26