Marilyn purchased 3,000 shares of stock for 36.48 per share. She sold them for 49.20 per share . Express her capital gain to the nearest tenth of a percent

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asked Feb 27, 2018 112k views

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Nzifnab · Answer 1 · 2018-03-03T08:53:46+0000

3000 * $36.48 = $109,440 Cost of the Stock
3000 * $49.20 = $147,600 Current Stock price when sold - Cost of the Stick when bought.
Capital Gain $38,160

Marilyn purchased 3,000 shares of stock for 36.48 per share. She sold them for 49.20 per share . Express her capital gain to the nearest tenth of a percent

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