3. Marilyn purchased 400 shares of stock for $22.75 per
1 answer:
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
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