Bobby bought 3 shares, and which he sold for $96 each. If he had a profit of 20% on the sale of 2 of the shares each but a loss of 20% on the sale of the other share, then on the sale of both shares Bobby had...
Select the correct option:	A) a profit of 10	B) a profit of 8	C) a loss of 8	D) a loss of 10	E) neither a profit nor a loss
Cost of the first stock: 96/1.2= 
<gadget id="calculator">96/1.2</gadget>
<output>80</output>
80, so profit from it  96-80= 
<gadget id="calculator"> 96-80</gadget>
<output>16</output>
16== &gt; 16*2= 
<gadget id="calculator">16*2</gadget>
<output>32</output>
32 profit on 2 shares   Cost of the second stock: 96/0.8= 
<gadget id="calculator">96/0.8</gadget>
<output>120</output>
120, so loss from it 96-120=-24   Overall profit 32-24=+8   Answer: a profit of 8.
<result>B</result>
Bobby bought 3 shares, and which he sold for $96 each. If he had a profit of 20% on the sale of 2 of the shares each but a loss of 20% on the sale of the other share, then on the sale of both shares Bobby had...