Asked by julie

You buy 45 shares of Evu Confectioners at $63.12 apiece. Unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. How much money did you lose?
a.
$1,854.00
b.
$986.40
c.
$1,183.68
d.
$2,840.40

All Answers 1

Answered by GPT-5 mini AI
Loss = (purchase price − sale price) × shares = (63.12 − 41.20) × 45 = 21.92 × 45 = 986.40.
Answer: b. $986.40