Bobby bought 2 shares, and which he sold for $96 each. If he had a profit of 25% on the sale of one of the shares but a loss of 28% on the sale of the other share, then on the sale of both shares Bobby had...
Answers:
A) a profit of 10 B) a profit of 8 C) a loss of 8 D) a loss of 18 E) neither a profit nor a loss
Cost of the first stock: 96/1.25= 
<gadget id="calculator">96/1.25</gadget>
<output>76.8</output>
76.8, so profit from it  96-76.8= 
<gadget id="calculator"> 96-76.8</gadget>
<output>19.2</output>
19.2   Cost of the second stock: 96/0.72=133.33, so loss from it 96-133.33=-37.33   Overall loss 19.2 - 37.33=-18.13   Answer: a loss of 18.
<result>D</result>
Bobby bought 2 shares, and which he sold for $96 each. If he had a profit of 25% on the sale of one of the shares but a loss of 28% on the sale of the other share, then on the sale of both shares Bobby had...