An investor bought two shares of stock, which he sold for $60 each. If he had a profit of 20% on one of the shares and a loss of 20% on the other share, then on the sale of both shares combined, the investor had:
Choose the correct choice from the following answers
A) a profit of $10 B) a profit of $5 C) a loss of $5 D) a loss of $10 E) neither a profit nor a loss
The cost of the first stock was 60/1.2= 
<gadget id="calculator">60/1.2</gadget>
<output>50</output>
50, so the profit from it is 10.   The cost of the second stock was 60/0.8= 
<gadget id="calculator">60/0.8</gadget>
<output>75</output>
75, so loss from it is 15.   Overall the loss is $5.   The answer is a loss of $5.
<result>C</result>
An investor bought two shares of stock, which he sold for $60 each. If he had a profit of 20% on one of the shares and a loss of 20% on the other share, then on the sale of both shares combined, the investor had: