Question

3. A person buys 120 shares at a nominal value
of 40 each, which he sells at 42.50 each.
Find his profit and profit percent.​

Answer 1

Answer:

150% is the profit percentage

Answer 2

Answer:

profit=rs.3000&profit%=62.5%

Step-by-step explanation:

given,

n=120

f=rs. 40

mv=rs. 42.50

price at which shares brought=n*f

                                                  120*40

                                                  rs. 4800

price at which shares sold=mv*f

                                             120*42.50

                                              rs.5100

profit=5100-4800

        =rs.3000

profit%=(3000/4800)*100=62.5%