An investor bought two shares of stock, which he sold for $48 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:	Pick one:
A) a profit of $10
B) a profit of $4
C) a loss of $4
D) a loss of $10
E) neither a profit nor a loss
The cost of the first stock was 48/1.2= 
<gadget id="calculator">48/1.2</gadget>
<output>40</output>
40, so the profit from it is 8.   The cost of the second stock was 48/0.8= 
<gadget id="calculator">48/0.8</gadget>
<output>60</output>
60, so loss from it is 12.   Overall the loss is $4.   The answer is a loss of $4.
<result>C</result>
An investor bought two shares of stock, which he sold for $48 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: