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30 May, 17:14

You bought 100 shares of stock at $15 per share. You sold your 100 shares at $21.75 per share. Calculate your percentage of gain.

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  1. 30 May, 17:18
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    Answer: The percentage gain is 45 percent

    Step-by-step explanation: If 100 shares were bought at the rate of $15 per share, then the cost of buying all would be

    100 x 15 and that equals 1500.

    Then if all 100 shares were sold at the rate of $21.75 each, then the total amount realized upon sales would be

    100 x 21.75 and that equals 2175

    The profit realized from the sales of these shares therefore would be,

    profit = selling price - cost price

    profit = 2175 - 1500

    profit = 675

    The percentage gain (profit) would be a percentage of what was spent to buy the shares before eventually selling them, so our percentage gain would be calculated as follows;

    % Gain = (Profit/Cost price) x 100/1

    % Gain = (675/1500) x 100

    % Gain = 45

    The percentage gain therefore is 45 Percent.
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