Amount of gain or loss on the sale

Reference no: EM13137789

An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?

a. $4,350 gain

b. $400 gain

c. $400 loss

d. $16,800 loss

Reference no: EM13137789

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