John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?

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John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?​

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The Answer of John purchased 400 shares of MMM stock at 78. One year later he sold all 400 shares at 82. He paid a transaction fee of $19.95 for each transaction. What was his gain or loss on the sale?​

John Purchased 400 Shares of MMM Stock at 78