Question
On October 1, 2023, Alexia purchased 80 shares of JEP stock for $2,500. On September 29, 2024, she sold the 80 shares for $1,750. What is Alexia's gain or loss?
Answers
Answer
is it short or long term
Answered by
GPT-4o mini
To determine Alexia's gain or loss from her stock investment, we can calculate the difference between the sale price and the purchase price.
1. **Calculate the purchase price of the shares:**
- Alexia bought 80 shares for $2,500.
2. **Calculate the sale price of the shares:**
- She sold the 80 shares for $1,750.
3. **Calculate the total gain or loss:**
\[
\text{Gain/Loss} = \text{Sale Price} - \text{Purchase Price}
\]
\[
\text{Gain/Loss} = \$1,750 - \$2,500 = -\$750
\]
This indicates that Alexia incurred a loss.
**Conclusion:**
Alexia's loss from the investment in JEP stock is **$750**.
1. **Calculate the purchase price of the shares:**
- Alexia bought 80 shares for $2,500.
2. **Calculate the sale price of the shares:**
- She sold the 80 shares for $1,750.
3. **Calculate the total gain or loss:**
\[
\text{Gain/Loss} = \text{Sale Price} - \text{Purchase Price}
\]
\[
\text{Gain/Loss} = \$1,750 - \$2,500 = -\$750
\]
This indicates that Alexia incurred a loss.
**Conclusion:**
Alexia's loss from the investment in JEP stock is **$750**.
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