Question

Mitchell bought 600 shares of Centerco two years ago for $34.50 per share. He sold them yesterday for $38.64 per share.

a. What was the percent increase in the price per share?
(Round to the nearest tenth of a percent.)
b. What was the total purchase price for the 600 shares?
c. What was the total selling price for the 600 shares?
d. What was the percent capital gain for the 600 shares?
(Round to the nearest tenth of a percent.)
e. How does the percent increase in the price of one share compare to the percent capital gain for all 600 shares?

Answer 1

Total purchase price = 600 * 34.50 Total purchase price = $20,700 c. To find the total selling price for the 600 shares, we can multiply the number of shares by the final price per share. Total selling price = 600 * 38.64 Total selling price = $23,184 d.