Practice paper 1 - Question 1.10

vic1989

Hi,

I am trying to work out the final part of question 1010. I have worked out the shares in the pool but struggling to find how they worked out the proceeds of 2525 & cost of 1636 with a gain of 889.

How do they calculate these figures for proceeds and cost, probably very simple but just cant find the answer!!

Help please

BradleyClaridge

Hello,

the £1636.00 for the cost of the disposal of assets, the £2525.00 is the amount sold 250 shares X the £10.10 which gives a figure of £2525.00

£2525.00 less the £1636.00 leaves £889.00

Hope this helps
Bradley