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Huelarkylego
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 :

Davaandrea123go

Answer:

He gained Php 3,000

Explanation:

If Arnold bought 300 shares of MACQ at 400 pesos per share and sold half of it he will gain 3,000 because:

300 x 400 = 120,000 pesos

300÷2= 150

150 x 400 = 60.000

150 x 420 = 63, 000

60,000 + 63,000 = 123, 000

123,000 - 120,000= Php 3,000

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