SOLUTION: Mario had 40 shares of stock that each lost $75 during the first half of the year. He also had 24 shares of a different stock that gained $50 each.
What was his net change during
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What was his net change during
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Question 1007259: Mario had 40 shares of stock that each lost $75 during the first half of the year. He also had 24 shares of a different stock that gained $50 each.
What was his net change during this time period on these stocks? Answer by fractalier(6550) (Show Source):
You can put this solution on YOUR website! Well, if we consider losing to be negative, he lost
40($75) = $3000
He gained 24($50) = $1200
Thus -$3000 + $1200 = -$1800
A net loss of $1800.
