$3450 shares were bought and than sold for $6100 after a while. What is the capital gain as a percent of the original purchace price? What is the gross capital gain?

avissidep

avissidep

Answered question

2020-11-16

$3450 shares were bought and than sold for $6100 after a while. What is the capital gain as a percent of the original purchace price? What is the gross capital gain?

Answer & Explanation

izboknil3

izboknil3

Skilled2020-11-17Added 99 answers

The gross capital gain:
$6100-$3450=$2650
The capital gain as a percent of the original purchace price:
$2650$3450=0.768
=76.8%

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