Homework Answers
Answer -
$ 600 gain
Explanation -
Purchase price per share = $ 43 per share
Number of shares sold = 100 shares
Sale price per share = $ 49 per share
Profit per share =
Sale price - purchase price
$ 49 - $ 43 = $ 6 per share
Total profit on shares sold =
Profit per share × no of share s
= $ 6 × 100
= $ 600
Purchase cost is the price paid for purchase of shares.
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