Capital Gains
1. **Problem 7:** Roger bought 300 shares for $15,000. He sold half (which is 150 shares) for $18,000. Find the gross capital gain on those shares.
2. Calculate the original cost price per share:
$$\frac{15000}{300} = 50\; \text{per share}$$
3. Cost price of 150 shares sold:
$$150 \times 50 = 7500$$
4. Selling price of 150 shares:
$$18000$$
5. Gross capital gain = Selling price - Cost price:
$$18000 - 7500 = 10500$$
6. **Problem 8:** Cassidy bought shares for $3,222 and sold for $4,120. Find the capital gain percent.
7. Capital gain:
$$4120 - 3222 = 898$$
8. Capital gain as a percent of original price:
$$\frac{898}{3222} \times 100 \approx 27.9\%$$
**Final Answers:**
7. Roger's gross capital gain is $10,500.
8. Cassidy's capital gain percentage is approximately 27.9%.