Answer:
The loss would be 1062.50
Step-by-step explanation:
To find this, first convert the purchase price into a decimal.
133/4 = 33.25
Now multiply that my the number of shares bought.
33.25 * 50 = 1662.50
This is the amount that was spent. Now to find the sale price, multiply the number of shares by the new price.
50 * 12 = 600
And to find the total loss, subtract the amount of the purchase price from the sale price.
600 - 1662.50 = -1062.50
Answer:
Option B. $87.50
Step-by-step explanation:
In this question selling price of 50 shares $12 per share and cost price is $12 per share.
Now we have to calculate the loss incurred in selling these shares.
Per share loss = (costing price - selling price)
loss = 13[tex]\frac{3}{4}[/tex] - 12 = [tex]\frac{55}{4}[/tex] - 12 = 13.75 - 12 = $1.75
Therefore total loss incurred in selling 50 shares = $1.75 × 50
= $87.50
Therefore Option B. $87.50 is the correct answer.
