I am stuck on a problem. It seems cut and dry, but it's not.
Sold 1000 shares @ $32 a share and broker deducted $125 commision, remitting the balance. So what is loss on sale of investment? I think it should be $4000 but that does not work.
2007-09-08 09:33:10 · 5 answers · asked by nanalu 1 in Business & Finance ➔ Investing
You need to include the commission when calculating loss. So your basis (the cost of the shares you bought) = shares times price + commission and your proceeds (amount you got from sale) = shares * price - commission.
2007-09-11 05:31:18 · answer #1 · answered by Dave W 6 · 0⤊ 0⤋
You are missing and important fact-What did you buy the stock for? Then you take the Sale price x the total shares subtract the commission of 125. and the buy price to get the Loss? or Profit? What is the average commission the broker takes perhaps you can back into the purchase price?
2007-09-08 09:45:29 · answer #2 · answered by helprhome 5 · 0⤊ 0⤋
Since you don't say the purchase price, there isn't enough info to answer the question.
2007-09-08 11:26:38 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
We have to know what you paid before we can figure out what your profit or loss is.
2007-09-08 09:38:48 · answer #4 · answered by Gem 7 · 0⤊ 0⤋
lmao its been so long since i was in school. But yes how much u bought them for.
2007-09-08 09:38:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋