Question

Jack bought 540 shares of Sound Foundations stock years ago for $44.50 per share. He sold them yesterday for $49.54 per share. What was the percent capital gain for the 540 shares, rounded to the nearest percent?

Answer 1

Explanation:

Answer 2

11.325 %

Explanation:

44.50 . . ... .. 100%

0.445. . . . . . . . .1 %

49.54 . . . . . . . .?%

49.54 : 0.445=111.325 %

111.325-100 = 11.325%