1. Five years ago, Julianne purchased stock for $9,433. Yesterday, she sold the stock for $10,219. What was her gross capital gain?
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given :
Stock Buying Price = $9,433
Stock Selling Price = $10,219
Find the gross capital gain.
Solution:
The gross capital gain can be calculated by dividing the buying price with the selling price.
= $9,433/$10,219
=0.923
In order to change the decimal into percentage, simply multiply the decimal by 100, hence if we need to change a percentage into decimal, simply divide the percentage by100.
=(0.923)(100)
=92.3%
The gross capital gain is 92.3%