Question

You bought 10 shares of stock in StreamingVideoCo for $45 per share. Two months later you sold the 10 shares of stock for $80 per share. What was your profit or loss on StreamingVideoCostock?

Answer 1

Answer:

Profit on the sale of shares = 350

Explanation:

Below is the calculation of profit or loss on the sale of shares:

Number of shares = 10 shares

The purchase price per share = $45 per share

The selling price of share = $80 per share

Use the below formula to find the profit on the sale of share:

Profit on the sale of shares = Revenue from sale - Cost of shares

Profit on the sale of shares = (10 x 80) - (10 x 45)  

Profit on the sale of shares = 800 - 450

Profit on the sale of shares = 350

Answer 2

The profit or loss on the streaming video co stock is $350.

• The calculation is as follows:

Profit on the sale of shares = Revenue from sale - Cost of shares

= (10 × 80) - (10 × 45)  

= $800 - $450

= $350

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