Yes, subtract to find the dollar loss.
Do you need to find the percentage loss?
The 200 shares of General Mills stock bought at $384.38 were sold at $350. Commission is omitted. What would be the loss?
I'm really confused here. I thought I would subtract the two numbers featured above to get the loss. Is there a specific formula I have to use? If so-what is it?
Thanks!
4 answers
Yes-Sorry for the long delay!
I assume I would multiply my answer by 100-but I'm not sure.
I assume I would multiply my answer by 100-but I'm not sure.
384.38 - 350 = $34.38 >> dollar loss
100 (34.38 / 384.38) = 8.9% loss
100 (34.38 / 384.38) = 8.9% loss
Thank you so much!
I'll be sure to write down the formula for the future!
I'll be sure to write down the formula for the future!