an investor purchased 50 shares of stock in a company for $2,250, with an $8 commission. later, all of the…

an investor purchased 50 shares of stock in a company for $2,250, with an $8 commission. later, all of the stock was sold at $48 per share. what was the gain or loss on this investment? gain or loss = $? enter a gain as positive and a loss as negative.

an investor purchased 50 shares of stock in a company for $2,250, with an $8 commission. later, all of the stock was sold at $48 per share. what was the gain or loss on this investment? gain or loss = $? enter a gain as positive and a loss as negative.

Answer

Answer:

$182$

Explanation:

Step1: Calculate total selling - price

The number of shares is $50$ and the selling - price per share is $$48$. So the total selling - price is $50\times48 = 2400$ dollars.

Step2: Calculate total cost

The cost of purchasing the shares is $$2250$ and the commission is $$8$. So the total cost is $2250 + 8=2258$ dollars.

Step3: Calculate gain or loss

Gain or loss = Total selling - price−Total cost. So, $2400−2258 = 182$ dollars. Since the result is positive, it is a gain of $$182$.