If you happen to be viewing the article Zach bought 200 shares of Goshen stock years ago for $21.35 per share. He sold all 200 shares today for $43 per share. What was his gross capital gain? ? on the website Math Hello Kitty, there are a couple of convenient ways for you to navigate through the content. You have the option to simply scroll down and leisurely read each section at your own pace. Alternatively, if you’re in a rush or looking for specific information, you can swiftly click on the table of contents provided. This will instantly direct you to the exact section that contains the information you need most urgently.
Zach bought 200 shares of Goshen stock years ago for $21.35 per share. He sold all 200 shares today for $43 per share. What was his gross capital gain?
Zach’s gross capital gain from selling 200 shares of Goshen stock today is $4,330.
To calculate Zach’s gross capital gain, you first need to find the difference between the selling price and the buying price per share, and then multiply that difference by the number of shares sold.
Article continues below advertisement
Buying price per share: $21.35
Selling price per share: $43
Gross capital gain per share = Selling price per share – Buying price per share
= $43 – $21.35
= $21.65
Now, to find the gross capital gain for all 200 shares, multiply the gain per share by the number of shares sold:
Gross capital gain = Gross capital gain per share × Number of shares
= $21.65 × 200
= $4,330
So, Zach’s gross capital gain from selling 200 shares of Goshen stock today is $4,330.
Profit Percentage and Loss Percentage
Profit and loss percentage are ways to express the amount of profit or loss made on an item as a percentage of its original cost. They are useful for comparing profits and losses across different items or periods, even if the original costs were different.
Article continues below advertisement
Article continues below advertisement
Here are the key things to know about profit and loss percentage:
- Profit percentage: This is calculated as the profit divided by the cost price, multiplied by 100. So, if you bought an item for $10 and sold it for $12, your profit would be $2 and your profit percentage would be (2 / 10) * 100 = 20%.
- Loss percentage: This is calculated similarly, but using the amount of loss instead of profit. So, if you bought an item for $10 and sold it for $8, your loss would be $2 and your loss percentage would be (2 / 10) * 100 = 20%.
Here are some additional things to keep in mind:
- Profit and loss percentage are always calculated based on the cost price, not the selling price.
- A profit percentage is always a positive number, while a loss percentage is always negative.
- Profit and loss percentage can be used to compare the performance of different products, even if they have different cost prices. For example, if you make a 20% profit on one product and a 30% profit on another, the second product is performing better, even though it may have a higher cost price.
Thank you so much for taking the time to read the article titled Zach bought 200 shares of Goshen stock years ago for $21.35 per share. He sold all 200 shares today for $43 per share. What was his gross capital gain? written by Math Hello Kitty. Your support means a lot to us! We are glad that you found this article useful. If you have any feedback or thoughts, we would love to hear from you. Don’t forget to leave a comment and review on our website to help introduce it to others. Once again, we sincerely appreciate your support and thank you for being a valued reader!
Source: Math Hello Kitty
Categories: Math
