Question

A man buys 100 shares at Rs. 150 each. The company issues one bonus share for every two shares held by him. When the price fell down to Rs. 120, he sold the shares. Find the profit percentage.

Answer 1

Answer:

the profit percentage = 20 %

Step-by-step explanation:

A man buys 100 shares at Rs. 150 each. The company issues one bonus share for every two shares held by him. When the price fell down to Rs. 120, he sold the shares.

Shares bouught = 100

Pice of Share = rs 150

Cost of 100 Shares =  150 * 100 = Rs 15000

Shares issued in bonus

1 for 2

50 for 100

Now total share = 100 + 50 = 150 Shares

Share selling price = rs  120

150 Shares sold in = 150 * 120 = 18000 Rs

Profit = 18000 - 15000 = Rs 3000

Profit % = (3000/15000) * 100 = 20 %