Three years ago you purchased a share of CompUTech stock for $32,which you could sell today at the current market price of $252.What would be your capital gain on the sale,ignoring commissions?

Question

Quizplus · Accepted Answer

To calculate the capital gain, we need to subtract the purchase price from the selling price.

Capital gain = Selling price - Purchase price
Capital gain = $252 - $32
Capital gain = $220

Therefore, the capital gain on the sale would be $220, making option B the correct answer.

Three Years Ago You Purchased a Share of CompUTech Stock