Answer:
Garlan and Kesia Green incurred a loss of $40 from selling their 180 shares of TYV stock after accounting for the purchase cost and sales commission.
Step-by-step explanation:
To determine the profit or loss from the transaction involving Garlan and Kesia Green and their purchase and sale of TYV stock, we need to follow these steps:
1. Calculate the total cost of purchasing 180 shares of TYV stock:
Total Cost = Number of shares * Price per share + Sales commission
Total Cost = 180 * $30 + $40
Total Cost = $5400 + $40
Total Cost = $5440
2. Calculate the profit or loss by subtracting the total cost from the total amount received from selling the shares:
Profit/Loss = Total amount received - Total cost
Total amount received = Number of shares sold * Price per share
Total amount received = 180 * $30
Total amount received = $5400
Profit/Loss = $5400 - $5440
Profit/Loss = -$40
