Calculate Loss On Selling 50 Shares Of Stock Originally Bought At 133 4 And Sold At 12

Calculate the loss on selling 50 shares of stock originally bought at 133/4 and sold at 12. A. $600.00 B. $87.50 C. $687.50 D. $80.50

Answers:

The first thing we should do is to multiply 50 and 13 3/4
13 3/4 is equivalent to 13.75 .
So, we then multiply
50 x 13.75  and we get 687.50.
so, $687.50 was the amount spent on the stock.
Now, lets find out how much they sold them for:
What we do is multiply 12 and 50
50 x 12 would be 600
We can find out the loss by subtracting
$687.50 – $600 and that gives us $ 87.50.
Therefore, the amount that is loss in selling is $87.50. The correct answer would be option B.