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When you sell stock does it calculate the profit as the difference between buying and selling price regardless of when you purchased it?

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regarding taxation purpose in our country they take in to account short term and long term transaction otherwise your statement is correct subject to brokerage charges

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When you sell a stock, the profit is the difference of the price you purchased it and the price you are going to sell it and selling price in spite of when you purchased it. However, you can only make the profit when you purchase the stock cheaper that what you going to sell it.

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