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You buy 45 shares of evu confectioners at $63.12 apiece. unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. how much money did you lose? a. $1,854.00 b. $986.40 c. $1,183.68 d. $2,840.40

Answer :

Answer:

b is your answer to this question

The money lost due to a hard time for the company is $986.4.

Number of shares =45

Price per share =$63.12

So, the total cost of buying 45 shares = 45*63.12 = $2840.4

Total selling price when the company falls on hard times and you end up selling the stock for $41.20 per share = 41.20*45 = $1854

What is a loss?

Mathematically, the loss is the difference between the cost price and the selling price.

Difference between the selling price and the cost price = 2840.4 - 1854

So, the difference between the selling price and the cost price = $986.4

Therefore, The money lost due to a hard time for the company is $986.4.

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