Question: Jason has been an active postage-stamp collector for a number of years. A few years ago, he bought a scarce U.S. postage stamp for $4800.

Jason has been an active postage-stamp collector for a number of years. A few years ago, he bought a scarce U.S. postage stamp for $4800. He has now decided to sell the stamp. If he sells it at an auction and receives $5200 but pays a 15% sales commission on the amount received, what will be Jasons capital gain/loss? a)Loss of $380

b)Gain of $380

c)Loss of $20

d)Gain of $400

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