Calculate the loss on selling 50 shares of stock originally bought at 13 3/4 and sold at 12.
a: $87.50
b: $600.00
c: $687.00
d: $80.00

50 shares bought at 13 3/4, or 13.75, say cost the buyer $687.50. The market goes up and down, and for some reason this person decides to sell at 1.75 points lower than they purchased. Therefore, they would experience a loss of $87.50.

Are there any statements?