Question

if you sell a stock for more money than you paid for it, you have a gross capital loss. true or false

Answer 1

Answer:False

Step-by-step explanation:

False

Whenever a stock is sold more money than what is paid for it is termed as Gain or profit

For example if an item is bought for $\ 100$ and it is sell for $\ 120$

then there is a profit of

$\Rightarrow \frac{120-100}{100}\times 100$

$\Rightarrow 20\%$

or a gain of $\ 20$