so i dont really need the answer but i cant seem to get my head around coming to an answer. the question is:
Shares in stocks that track the TSX are purchased for a total of 9000$. The TSX index was at 6720 when the shares were bought and 6515 when they were sold. what was the profit or loss when they were sold?
i need the explanation of how to do this kind of question more then the answer because i always see questions like this one and i just cant figure out how. thanks in advance.
Shares in stocks that track the TSX are purchased for a total of 9000$. The TSX index was at 6720 when the shares were bought and 6515 when they were sold. what was the profit or loss when they were sold?
i need the explanation of how to do this kind of question more then the answer because i always see questions like this one and i just cant figure out how. thanks in advance.
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Wow that is a toughie I will let you know if I come up with a conclusive right answer to it but good luck in case I can't and take care!