Answer:
$489.
Step-by-step explanation:
We have been given that a few years ago, Melky bought 100 shares of a cologne company's stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share.
First of all, we will find the difference of purchase price of per share and selling price of per share.
[tex]\text{Loss per share}=\$16.77-\$11.88[/tex]
[tex]\text{Loss per share}=\$4.89[/tex]
[tex]\textMelky's loss}=\$4.89\times 100[/tex]
[tex]\textMelky's loss}=\$489[/tex]
Therefore, Melky lost $489 in total.
