Pre-Algebra Help: Greg bought 40 shares of stock at a price of $54 per share....

[andreah]

Greg bought 40 shares of stock at a price of $54 per share. One day, he sold 25 shares for $56 per share. Two days later, he sold the rest of his shares at a price of $50 per share. What was his net? Was it a profit or loss?

 

[Deleted member 4993]

Greg bought 40 shares of stock at a price of $54 per share. One day, he sold 25 shares for $56 per share. Two days later, he sold the rest of his shares at a price of $50 per share. What was his net? Was it a profit or loss?

How much money did he spend to buy those shares? How much money did he get by selling first 25 shares? How much money did he get by selling rest of the shares?

What are your thoughts?

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