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Fed [463]
3 years ago
6

Bill purchased 2,000 shares of stock for $22 per share. He sold them for $33. Express his capital gain to the nearest tenth of a

percent.
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

50%

Explanation:

capital gain is the difference between the selling price and the buying price

Purchase price = 2,000 x 22 =$44,000

Selling price =2,000 x 33 =$66,000

capital gain = $22,000

Gain as a percentage

= $22,000/44,000 x 100

=0.5 x 100

=50%

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Ipatiy [6.2K]

Answer:

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Explanation:

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