Bobby bought two shares of stock, which he sold for $96 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 Bobby had:  Choose the correct answer
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
A loss of $8ost 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   A loss of $8ost 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 loss 16-24=-8   Answer: A loss of $8.
<result>C</result>
Bobby bought two shares of stock, which he sold for $96 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 Bobby had: