Maria purchased 1,000 shares of stock for $65.50 per share in 2003. she sold them
in 2010 for $55.10 per share. express her loss as a percent of the purchase price
rounded to the nearest tenth of a percent.
gross capital gain or loss = selling price - purchase price
a loss is when the selling price is
less than the purchase price.
gross capital loss = _
capital gain or loss
% capital gain or loss =-
-x100
purchase price
%capital loss=-
-x100
round to the nearest tenth of a percent.
%capital loss = 0.159 x 100 = 15.9%
maria had a
capital loss on her investment.