Question

100 rupees share of company is quoted at rupees 899 in the market. How much does Sanjay pay to purchase 500 such shares is the brokerage paid by him is 1%? What is his gain percent on this investment
please answer this only if know how to solve it ​

Answer 1

Answer:

Given that,

Face value of share=Rs.100

Market value of shareRs.750

∴ Total amount invested =25×70=Rs.1750

Dividend =20%

∴ Total divided on 25 shares=20×25=Rs.1500

Now,

Rate of return=

suminvested

totaldivided

×100

=

1750

500

×100

28.57%

Then,

We get 28.57%