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 by subtracting the purchase price from the selling price, then multiplying by the number of shares. So, ($150 - $40) * 100 = $11,000.

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