Number of shares bought = 8,000
Purchase price =$7.29
Total purchase price = 8000*7.29 = 58,320
Sale price = $10.31
Total selling price = 8000*10.31 = 82,480
Total Gain = 82,480 -58,320
Total Gain = 24,160
Percentage Gain = Total gain/ Total Purchase price *100
Percentage Gain = 24,160/58,320 * 100 = 41.43%
Percentage Gain = 41.43% (Rounded to two decimals)
