If you sold 100 shares of ABCD stock for $40 a share that you originally purchased for $33 a share, then your capital gain would be $700.

Question

Quizplus · Accepted Answer

To calculate the capital gain, you subtract the purchase price ($33) from the selling price ($40), which equals $7 per share. Then you multiply the $7 per share by the number of shares sold (100) to get a total capital gain of $700.

If You Sold 100 Shares of ABCD Stock for $40