Larry purchase 8000 shares of a stock at a price of $7.29 a share. he sold the stock six years later at the price of $10.31 per share. what is this percent gap gain

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)

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.