Question

25. A person invests 4368 and buys certain hundred-rupee shares at 91. He sells out
shares worth 2400 when they have risen to 95 and the remainder when they have
fallen to 85. Find the gain or loss on the total transaction.
​

Answer 1

Answer:

Invested amount =Rs. 4368

No. of 100 ruppee share =

91

4368

=48 shares

No. of shares shares worth 2400=

95

2400

No. of remaining shares ⇒48−

19

480

⇒

19

19×48−480

⇒

19

48×9

Total amount he get =2400+

19

49×9

×85=4332.63rs

invested amount > return amount

∴ loss = invested − return =4368−4332.63 Rs.

loss=35.37 Rs.