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4 October, 07:03

You purchased 100 shares of IminusTech 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?

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  1. 4 October, 11:03
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    Capital gain = $11,000

    Explanation:

    Capital gain / Loss is the difference between the value of a stock when it was sold less the cost of the shares when it was purchased.

    Where the cost of the shares is more the sales value it becomes a capital loss and a gain is made if the opposite occurs.

    The capital gain made on the stock of Iminus Tech is

    = ($150 * 100) - ($40 * 100)

    =$11,000

    Capital gain = $11,000
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Home » Business » You purchased 100 shares of IminusTech 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?
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