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Mike bought shares in a new corporation that manufacturers cell phone cases. He bought the stock years ago for $5,100. He recently sold the stock for $6,100. What was Mike'…

Mike bought shares in a new corporation that manufacturers cell phone cases. He bought the stock years ago for $5,100. He recently sold the stock for $6,100. What was Mike'…
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16 votes
Mike bought shares in a new corporation that manufacturers cell phone

cases. He bought the stock years ago for $5,100. He recently sold the
stock for $6,100. What was Mike's profit (capital gain) on his stock?

User Oronbz
by
7.3k points

1 Answer

7 votes

Answer:

1000

Explanation:

6100-5100=1000 which is the profit

User Mcuadros
by
7.9k points
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