Question

20 shares are sold for market value 800 brokerage speed at 0.1 % what is the amount received​

Answer 1

Face value of each share = Rs 100

Market value of each share = Rs 660

Number of shares purchased = 22

∴ Amount invested = Market value of each share × Number of shares purchased = Rs 660 × 22 = Rs 14,520

Brokerage paid on purchasing the shares = 0.1% of Rs 14,520 =

\[\frac{18}{100} \times 360\] = Rs 14.52
Total dividend received = Number of shares purchased × Dividend received on each share = 22 × \[\frac{20}{100} \times 100\] = Rs 440
Selling price of each share = Rs 650

∴ Selling price of 22 shares = Rs 650 × 22 = Rs 14,300

Brokerage paid on selling the shares = 0.1% of Rs 14,300 =
\[\frac{0 . 1}{100} \times 14300\] = Rs 14.30

∴ Total brokerage paid = Brokerage paid on purchasing the shares + Brokerage paid on selling the shares = Rs 14.52 + Rs 14.30 = Rs 28.82

Net income of Smt. Anagha Doshi = Total money received on selling 22 shares + Total dividend received − Total brokerage paid

= Rs 14,300 + Rs 440 − Rs 28.82

= Rs 14,711.18

Since net income of Smt. Anagha Doshi is more than the amount invested, so Smt. Anagha Doshi had profit.

Profit = Net income of Smt. Anagha Doshi − Amount invested = Rs 14,711.18 − Rs 14,520 = Rs 191.18
∴ Profit% = \[\frac{\text{ Profit} }{\text{ Amount invested } } \] x 100% = \[\frac{191 . 18}{14520}\] x 100% ≈ 1% (answer to the nearest integer)

Thus, the profit percent in the share trading is 1%