The percent gain is 52.1%
Step-by-step explanation:
Given
Purchase price of one share = $22.75
Sale price of one share = $34.60
Total shares = 400
So,
Total purchase price of shares = 22.75*400 = $9100
Total sale price of shares = 34.60*400 = $13840
Total capital gain:

Percent capital gain is given by:

Rounding off to nearest tenth
52.1%
Hence,
The percent gain is 52.1%
Keywords: Percentage, capital gain
Learn more about percentage at:
#LearnwithBrainly
Xqffhsisdlosnsnamdjallaksb
To solve this problem, we need to know the formula for the nth term of an arithmetic sequence. The formula is

= t₁ + (n-1)d, with

being the nth term, t₁ being the first term, and d being the distance between terms. Now we can substitute values to figure out what

is. When substituting, the equation becomes:

= 12 + 29(-6)

= -162
That means that the 30th term in this arithmetic sequence is
-162.