Bobby bought 2 shares, and which he sold for $96 each. If he had a profit of 80% on the sale of one of the shares but a loss of 80% on the sale of the other share, then on the sale of both shares Bobby had...  Options.
A) a profit of 10 B) a profit of 8 C) a loss of 800 D) a loss of 342 E) neither a profit nor a loss
Cost of the first stock: 96/1.8=53.33, so profit from it  96-53.33= 
<gadget id="calculator"> 96-53.33</gadget>
<output>42.67</output>
42.67   Cost of the second stock:   96/0.2= 
<gadget id="calculator">  96/0.2</gadget>
<output>480</output>
480, so loss from it 96-480=-384   Overall loss 42.67-384=-342   Answer: a loss of 342.
<result>D</result>
Bobby bought 2 shares, and which he sold for $96 each. If he had a profit of 80% on the sale of one of the shares but a loss of 80% on the sale of the other share, then on the sale of both shares Bobby had...