Answer:
Capital gain =$11,000
Explanation:
Capital gain / Loss is the difference between the value of a stock when it was sold less the cost of the shares when it was purchased.
Where the cost of the shares is more the sales value it becomes a capital loss and a gain is made if the opposite occurs.
The capital gain made on the stock of Iminus Tech is
= ($150 × 100) - ($40 × 100)
=$11,000
Capital gain= $11,000
