Question

(4)
5. Attempt any one of the following.
Kantaben invested 12048 in the shares of FV 10 when the MV was 120. She
sold all the shares at MV of 150 after taking 60% dividend she paid 0.4%
brokerage at each stage of transactions. What was the total gain or loss in this
transaction​

Answer 1

Answer:

Step-by-step explanation:

MV of one while purchasing = 120

Brokerage=0.4%

Brokerage on rs 120 = 120×(0.4%100) = 0.48

Investmentfor1 share =MV +Brokerage

=(120+.48)

=120.48

Dividend per share is 40%

= 10 ×(40÷100)

=4rs

Therefore kantabai's total investment is 120.48 - 4=116.48

While selling MV = 150

Brokerage = 150×(0.4÷100)

=0.6

On selling 1 share she received

(150 - 0.6)=149.4 rs

Therefore 116.48<149.4

Therefore spelling price is greater than cost price

Therefore it is profit

Hence profit one one share =149.4-116.48 =32.92rs

She invested 12048 rs on mv of 120

Therefore no of share =12048÷120=100 share

Profit on 100 share = 32.92×100=3292rs