Questions: An investor purchased 40 shares of stock in a company for 1,200, with an 8 commission. Later, all of the stock was sold at 37 per share. What was the gain or loss on this investment? Gain or Loss =[?] Enter a gain as positive and a loss as negative.

An investor purchased 40 shares of stock in a company for 1,200, with an 8 commission. Later, all of the stock was sold at 37 per share. What was the gain or loss on this investment? Gain or Loss =[?] Enter a gain as positive and a loss as negative.
Transcript text: An investor purchased 40 shares of stock in a company for $\$ 1,200$, with an $\$ 8$ commission. Later, all of the stock was sold at $\$ 37$ per share. What was the gain or loss on this investment? Gain or Loss $=\$[?]$ Enter a gain as positive and a loss as negative. $\square$ Enter
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Solution

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Solution Steps

Step 1: Calculate the Purchase Price per Share

The investor purchased 40 shares for a total of \$1,200. The purchase price per share can be calculated as: \[ \text{Purchase Price per Share} = \frac{1200}{40} = 30 \]

Step 2: Calculate the Total Purchase Cost

The total purchase cost includes the cost of the shares and the commission paid. Thus, the total purchase cost is: \[ \text{Total Purchase Cost} = (30 \times 40) + 8 = 1200 + 8 = 1208 \]

Step 3: Calculate the Total Revenue from Selling the Shares

The shares were sold at \$37 each. Therefore, the total revenue from selling all the shares is: \[ \text{Total Revenue} = 37 \times 40 = 1480 \]

Step 4: Calculate the Gain or Loss

The gain or loss on the investment is determined by subtracting the total purchase cost from the total revenue: \[ \text{Gain or Loss} = 1480 - 1208 = 272 \]

Final Answer

\(\boxed{272}\)

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