A summary of two stocks is shown below.

\begin{tabular}{|l|l|l|l|l|l|l|}
\hline
52W high & 52W low & Name of Stock & Symbol & High & Low & Close \\
\hline
37.18 & 29.39 & Zycodec & ZYO & 39.06 & 32.73 & 34.95 \\
\hline
11.76 & 7.89 & Unix Co & UNX & 16.12 & 12.11 & 15.78 \\
\hline
\end{tabular}

Last year, a stockholder purchased 40 shares of Zycodec at its lowest price of the year and purchased 95 shares of Unix at its highest price of the year. If the stockholder sold all shares of both stocks at their respective closing prices, what was the overall gain or loss?

A. The overall loss is [tex]$\$[/tex] 604.30[tex]$.
B. The overall gain is $[/tex]\[tex]$ 604.30$[/tex].
C. The overall loss is [tex]$\$[/tex] 660.35[tex]$.
D. The overall gain is $[/tex]\[tex]$ 660.35$[/tex].



Answer :

To determine the overall gain or loss from these transactions, we need to follow a series of steps:

### Stock Purchase Costs

1. Calculate the cost of purchasing Zycodec shares at its lowest price:
- Zycodec's lowest price of the year: \[tex]$29.39 - Number of Zycodec shares purchased: 40 - Zycodec purchase cost: \( 40 \text{ shares} \times \$[/tex]29.39 \text{ per share} = \[tex]$1175.60 \) 2. Calculate the cost of purchasing Unix shares at its highest price: - Unix's highest price of the year: \$[/tex]16.12
- Number of Unix shares purchased: 95
- Unix purchase cost: [tex]\( 95 \text{ shares} \times \$16.12 \text{ per share} = \$1531.40 \)[/tex]

3. Calculate the total purchase cost:
- Total purchase cost: [tex]\( \$1175.60 + \$1531.40 = \$2707.00 \)[/tex]

### Stock Sales Income

4. Calculate the income from selling Zycodec shares at its closing price:
- Zycodec's closing price: \[tex]$34.95 - Number of Zycodec shares sold: 40 - Zycodec selling income: \( 40 \text{ shares} \times \$[/tex]34.95 \text{ per share} = \[tex]$1398.00 \) 5. Calculate the income from selling Unix shares at its closing price: - Unix's closing price: \$[/tex]15.78
- Number of Unix shares sold: 95
- Unix selling income: [tex]\( 95 \text{ shares} \times \$15.78 \text{ per share} = \$1499.10 \)[/tex]

6. Calculate the total income from selling both stocks:
- Total selling income: [tex]\( \$1398.00 + \$1499.10 = \$2897.10 \)[/tex]

### Overall Gain or Loss

7. Calculate the overall gain or loss:
- Overall gain/loss: [tex]\( \text{Total income} - \text{Total purchase cost} \)[/tex]
- Overall gain/loss: [tex]\( \$2897.10 - \$2707.00 = \$190.10 \)[/tex]

### Conclusion

Since the result is positive, the stockholder made an overall gain of \[tex]$190.10. Thus, the correct answer is none of the provided options. The overall gain is \$[/tex]190.10.