To calculate the loss on selling shares of stock, you need to know the original purchase price per share, the selling price per share, and the number of shares sold. In this case, the original purchase price was 13 3/4 (which is the same as 13.75) and the selling price was 12. We sold 50 shares.
Here’s how to calculate the loss:
1. Calculate the total cost of the shares:
Total cost = Original purchase price per share × Number of shares
Total cost = 13.75 × 50 = 687.5
2. Calculate the total selling price of the shares:
Total selling price = Selling price per share × Number of shares
Total selling price = 12 × 50 = 600
3. Calculate the loss:
Loss = Total cost – Total selling price
Loss = 687.5 – 600 = 87.5
So, the loss on selling 50 shares of stock is $87.50.