May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?

Question

May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

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The Answer of May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

May Purchased 500 Shares of XYZ Stock at $31