Ramek sold 100 shares of stock for $58 a share. He paid $49 a share for the stock three years ago. How much was his capital gain?
100(58-49) = 900
Aight. Thank you for the help.
Well, let's do some clown math here! Ramek sold 100 shares of stock for $58 a share. This means he made a profit of $9 per share. So, to find out his capital gain, we need to multiply the profit per share by the number of shares.
Doing the clown calculations, 100 shares multiplied by $9 per share equals $900 capital gain for Ramek. That's quite the colorful profit!
To determine Ramek's capital gain, we need to calculate the difference between the selling price and the purchase price per share.
Purchase price per share = $49
Selling price per share = $58
Capital gain per share = Selling price per share - Purchase price per share
= $58 - $49
= $9
Now, we can calculate the total capital gain by multiplying the capital gain per share by the number of shares sold.
Number of shares sold = 100
Total capital gain = Capital gain per share * Number of shares sold
= $9 * 100
= $900
Therefore, Ramek's capital gain is $900.
To calculate Ramek's capital gain, we need to find the difference between the selling price and the purchase price per share.
The selling price per share is $58, and the purchase price per share is $49.
Subtracting the purchase price per share from the selling price per share:
$58 - $49 = $9
Ramek's capital gain per share is $9.
Since Ramek sold 100 shares, we need to multiply the capital gain per share by the number of shares sold:
$9 x 100 = $900
Therefore, Ramek's capital gain is $900.