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How much money did the investor gain or lose?

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An investor trading through a discount stock broker that charges $10.00 Dollars per transaction bought 200 shares of Vola Tile Corporation at $50.00 Dollars per share.
The stock quickly increased in value by 50%, but then lost 40% of its value.
The investor sold the stock.
How much money did the investor gain or lose?

posted May 20, 2020 by Sidharth Malhotra

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1 Answer

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Cost = 200×50 + 10 = $10010
Amount after 50% hike = 10000×1.5 = $15000
Amount after 40% drop = 15000×0.6 = $9000
Final amount after selling = 9000 - 10 = $8990
So he lost 10010 - 8990 = $1020.

answer May 20, 2020 by Tejas Naik



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