Jeffrey Marcus purchased 800 shares of General Tectonics common stock at $16.40 per share. A few months later, Jeffrey sold the shares at $19.80. His stockbroker charges 3% commission. What was his gain or loss on this investment? (Round your answer to the nearest cent if necessary)

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The Answer of Jeffrey Marcus purchased 800 shares of General Tectonics common stock at $16.40 per share. A few months later, Jeffrey sold the shares at $19.80. His stockbroker charges 3% commission. What was his gain or loss on this investment? (Round your answer to the nearest cent if necessary)

Jeffrey Marcus Purchased 800 Shares of General Tectonics Common Stock