John Purchased 400 Shares of MTC Stock at 30

question 9

Short Answer

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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Definitions:

Audition

The sense or act of hearing.

Olfaction

The sense of smell, a chemical sense that detects airborne molecules and contributes to taste and environmental awareness.

Cochlear Hair Cells

Sensory cells located in the cochlea of the ear; they are essential for converting sound vibrations into electrical signals for the brain to interpret as sound.

Localize Sound

The ability of an organism to determine the origin of a sound source in its environment.