Question

If you bought 28 shares of stock at $30/sh and sold them at $25/sh. And How much did you net after selling the shares? Was it a profit or a loss?

Answer 1

selling price$840

it's a loss.

Explanation:

cost price = 28× 30 = $840

selling prince =25×28=$700

since cost price is bigger than selling price, it's a loss.