You bought stocks in 2 different companies yesterday: 100 shares of stock "a" was purchased at $21.15 per share and gained 6% today; 50 shares of stock "b" was purchased at $14.23 per share and lost 1.5% today. What is your percentage gain or loss on your 2 stock portfolio?

Question

Lee Gilbert

Mathematics

4 March, 01:15

You bought stocks in 2 different companies yesterday: 100 shares of stock "a" was purchased at $21.15 per share and gained 6% today; 50 shares of stock "b" was purchased at $14.23 per share and lost 1.5% today. What is your percentage gain or loss on your 2 stock portfolio?

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Answers (1)

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Harold Mcneil · Answer 1

4.11%

Step-by-step explanation:

Gain on stock a:

(21.15 * 100) * 6/100

126.9

Loss on stock b:

(14.23 * 50) * 1.5/100

10.6725

Net gain:

126.9 - 10.6725

116.2275

Total share value:

(21.15 * 100) + (14.23 * 50)

2826.5

% gain:

116.2275/2826.5 * 100

4.112064391%