Suppose that you are a financier and purchase 100 shares of stock in company X…
Suppose that you are a financier and purchase 100 shares of stock in company X in each of Jan, April, September and sell 100 shares in each of June and November. The prices per share in these months were
Jan | April | June | September | November |
Rs 10 | Rs 30 | Rs 20 | Rs 50 | Rs 30 |
Determine the total amount of your capital gain of loss using Stack (LIFO accounting)
- A.
Profit 3000
- B.
Profit 1000
- C.
Loss 1000
- D.
Loss 3000
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