an investor purchased 40 shares of stock in a company for $1,200, with an $8 commission. later, all of the…

an investor purchased 40 shares of stock in a company for $1,200, with an $8 commission. later, all of the stock was sold at $37 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 $1,200, with an $8 commission. later, all of the stock was sold at $37 per share. what was the gain or loss on this investment? gain or loss = $?

Answer

Answer:

$272$

Explanation:

Step1: Calculate selling - price

$37\times40 = 1480$

Step2: Calculate total cost

$1200 + 8=1208$

Step3: Calculate gain

$1480-1208 = 272$