Suppose you purchased 100 shares of stock in 2000 for $20 a share,and the price now is $30 a share.Your capital gain,should you sell the stock,is
A)$1,000.
B)$3,000.
C)$1,500.
D)indeterminate without the inflation rate.

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. Here, it's ($30 - $20) * 100 = $1,000.

Suppose You Purchased 100 Shares of Stock in 2000 for $20