Answer:
Gain in capital = $ 70.72
Explanation:
Given:
- The price of stocks when purchased P_o = $ 224.84
- The price of stocks when sold P_s = $ 295.56
Find:
what would be your capital gain (loss) on the sale, ignoring commissions
Solution:
- The capital gain or loss on the selling of stocks stems from the difference of buying and selling value of stocks. The original price of stock was P_o and the selling price would be P_s. The difference would be:
capital gain = P_s - P_o
capital gain = $295.56 - $224.84
capital gain = $ 70.72
- Hence, there would be a gain in capital if sold today for about $ 70.72.
