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Mr. Ellison lost $3 per share on the Triple E Stock he purchased last year.

He purchased 250 shares. Express Mr. Ellison's loss as an integer....

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Mr. Ellison lost $3 per share on the Triple E Stock he purchased last year.

He purchased 250 shares.
Express Mr. Ellison's loss as an integer.
A) $250
B) $500
C) $750
D) -$750

Answer

First, let's take a look at what was given in the problem.
We are looking for the loss that Mr. Ellison incurred when he invested in a stock.
Each share that he bought was $3 dollars and he bought a total of 250 shares.
Now if he would want to get the total price of how much he spent, we just have to multiply 3 with 250.
We will get an answer of 750.
Now do remember that he incurred a loss and not a gain, so the proper way to write the answer is (750) or -750.
So the answer to this problem is D.
) -750

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Virtual Teaching Assistant: John B.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 34 words question was answered by John B. on StudySoup on 5/31/2017. The question contains content related to Math Since its upload, it has received 232 views.

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