an investor purchased 40 shares of stock in a company for $2,000, with an $8 commission. later, all of the…

an investor purchased 40 shares of stock in a company for $2,000, with an $8 commission. later, all of the stock was sold at $51 per share. what was the gain or loss on this investment? gain or loss = $?

an investor purchased 40 shares of stock in a company for $2,000, with an $8 commission. later, all of the stock was sold at $51 per share. what was the gain or loss on this investment? gain or loss = $?

Answer

Answer:

$152$

Explanation:

Step1: Calculate total selling - price

The investor sold 40 shares at $51$ per share. So the selling - price is $40\times51 = 2040$ dollars.

Step2: Calculate total cost

The investor bought the stock for $2000$ dollars and paid an $8$ - dollar commission. So the total cost is $2000 + 8=2008$ dollars.

Step3: Calculate gain or loss

Gain or loss=Selling price - Total cost. So, $2040-2008 = 152$ dollars. Since the result is positive, it is a gain of $152$ dollars.