Mary Smith Purchased 100 Shares of Johnson Electronics Four Years

Multiple Choice

Mary Smith purchased 100 shares of Johnson electronics four years ago at $15.00 each.She paid a $30 commission on this transaction.She has decided to sell these shares at $25.00 each and will incur a $25 commission on this sale.What is the amount of her capital gain?

A) $945
B) $1,530
C) $2,475
D) $2,500
E) $3,000