Sharon short-sold 7,500 shares of LMP at $85.

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Sharon short-sold 7,500 shares of LMP at $85. She later buys back the short position at $95. Sharon was charged a 1% commission on the proceeds for both the short sale and buyback transactions. What is Sharon's profit or loss?

$75,000 loss.

$74,250 profit.

$61,500 profit.

$88,500 loss.

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Update on: Dec 16, 2025
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Sharon short-sold 7,500 shares of LMP at $85.

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