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Giankerbyalmadingo
Answered



On March 25, 2014. Arnold bought 300 shares of MACQ at Php 400.00 per share. He
sold half of his shares on April 20,2014 at a price of Php 420.00 per share. How much
money did he gain or lose on the investment (Ignore brokerage fee)?​

Sagot :

Potatocaratgo

Answer:

Php 3000.00

Step-by-step explanation:

March 25, 2014

 Market price: 300 x Php 400.00 = Php 120,000/2 = Php 60,000.00

April 20, 2014

 Market price: 150 x Php 420.00 = Php 63,000.00

                                                                                                                   

Php 63,000.00 - Php 60,000.00 = Php 3,000.00

Arnold gained Php 3000.00 on the investment

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