An investor bought two shares of stock, which he sold for $72 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: Options.
A) a profit of $10 B) a profit of $6 C) a loss of $6 D) a loss of $10 E) neither a profit nor a loss
The cost of the first stock was 72/1.2= 
<gadget id="calculator">72/1.2</gadget>
<output>60</output>
60, so the profit from it is 12.   The cost of the second stock was 72/0.8= 
<gadget id="calculator">72/0.8</gadget>
<output>90</output>
90, so loss from it is 18.   Overall the loss is $6.   The answer is a loss of $6.
<result>C</result>
An investor bought two shares of stock, which he sold for $72 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: