an investor purchased 40 shares of stock in a company for $1,920, with an $8 commission. later, all of the…

an investor purchased 40 shares of stock in a company for $1,920, with an $8 commission. later, all of the stock was sold at $54 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 $1,920, with an $8 commission. later, all of the stock was sold at $54 per share. what was the gain or loss on this investment? gain or loss = $?

Answer

Answer:

$272$

Explanation:

Step1: Calculate selling - price

$40\times54 = 2160$

Step2: Calculate net - selling - price

$2160 - 8=2152$

Step3: Calculate gain or loss

$2152-1920 = 272$