You purchased 100 shares of I-Tech stock for $40 per share 3 years ago. If you sold those shares today at the current market price of $150 per share, what would be your capital gain on the sale, ignoring all commissions?

Question

Quizplus · Accepted Answer

The capital gain is calculated as the difference between the selling price and the purchase price, multiplied by the number of shares. So, (150 - 40) * 100 = $11,000.

You Purchased 100 Shares of I-Tech Stock for $40 Per