an investor purchased 500 shares of common stock at 25 par f

an investor purchased 500 shares of common stock at $25 par for 19250 subsequently 100 shares were sold for$35 per share what was the amount of gain or loss on the sale

Solution

Loss on sale of shares $350 Particulars Amount in $ Sale of 100 shares @$35 per share 3500 Less- purchase cost of 100 shares$(19250/500)*100 3850 Loss on sale of shares -350