A man invest Rs.800 in buying Rs.5 shares and when they are selling at a premium of Rs.1.15, he sells all the shares. Find his profit and profit percent.
Answers
Answered by
88
Investment or Total Cost Price : Rs. 800
Cost Price of one share (CP) : Rs. 5
Selling price of one share (SP) : CP+Premium = 5 + 1.5 = Rs. 6.15
No. of shares = Investment/Cost price of one share = 800/5 = 160
Total Selling Price = 160* 6.15 = Rs.984
Profit = Total CP - Total SP = Rs. 984 - Rs. 800 = Rs 184
Profit% = (Profit/CP*100) = (184/800)*100 = 23%
∴ Profit = Rs 184 and Profit% = 23%
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Hope it helps!
Cost Price of one share (CP) : Rs. 5
Selling price of one share (SP) : CP+Premium = 5 + 1.5 = Rs. 6.15
No. of shares = Investment/Cost price of one share = 800/5 = 160
Total Selling Price = 160* 6.15 = Rs.984
Profit = Total CP - Total SP = Rs. 984 - Rs. 800 = Rs 184
Profit% = (Profit/CP*100) = (184/800)*100 = 23%
∴ Profit = Rs 184 and Profit% = 23%
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Hope it helps!
Answered by
34
Answer:
Step-by-step explanation:
Money investment = rs 800
Nominal value = rs 5
Premium = rs 1.15
Market value = N.V + premium
= rs 5. + rs 1.15
= Rs 6.15
No. of shares =
Money investment/Nominal value
= Rs.800/Rs.5
= Rs.160
Profit = No.of shares × premium
= Rs.160×Rs.1.15
= Rs.184.00
= Rs.184
Profit% = (profit/Money invest × 100%)
= (184/800 × 100)%
= Rs.23%
So, profit = Rs.184 and
profit% = Rs.23%
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