Question

[3]
b) A person buys 120 shares at a nominal
value of 40 each which he sells at
42.50 each. Find his profit and profit
per cent? ​

Answer 1

Answer:

6.25%

Step-by-step explanation:

Step-by-step explanation:

According to the questions,

Cost of 1 share = 40

He bought 120 shares,

Then, cost price of 120 shares = 120\times 40120×40

= Rs.4800/-

Selling price of 1 share = 42.50

Then, selling price 120 shares = 42.50\times 12042.50×120

= Rs.5100/-

Profit = selling price - cost price

Profit = 5100 - 4800

Profit = 300

Percentage = \frac{300}{4800}\times 100

4800

300

×100

Percentage = 6.25 %