1. one morning you decide to purchase 300 shares of a stock at $6.31/sh. at the end of the day, you sell all of the shares for $8.24/sh. how much did you make or lose? one morning you decide to purchase 300 shares of a stock at $6.31/sh. what was gained or lost? 2. you decide to invest $5,200 into a stock worth $10.00/sh. you then sell the shares at $7.80/sh. how much did you lose?

1.how much did you spend? spent=shares time cost per share=300*6.31=1893how much did you sell for? sold=shares times cost per share=300*8.24=2472money made=sell-spent=2472-1893=579you made $5792. same as before but now you need to calculate number of sharesinvested=cost per share times number of shares5200=10 times number of sharesdivide by 10 both sides520=number of sharesthen you sold at 7.8520*7.8=4056loss=invest-sell=5200-4056=1144you lost $1144