John purchased 400 shares of MTC stock at 30.50. One year later she sold the 400 shares at 25.75. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?

Question

John purchased 400 shares of MTC stock at 30.50. One year later she sold the 400 shares at 25.75. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

Azeemah Irena · Accepted Answer

Final Answer : $1,939.90 Loss​

John purchased 400 shares of MTC stock at 30.50. One year later she sold the 400 shares at 25.75. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?

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Learning Objectives

Related questions

John purchased 400 shares of MTC stock at 30.50. One year later she sold the 400 shares at 25.75. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

Definitions

Learning Objectives

Learning Objectives

Related questions

John purchased 400 shares of MTC stock at 30.50. One year later she sold the 400 shares at 25.75. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?