A man invest rs800 in buying rs5 shares and when they are selling at a premium of rs1.15,he sells all the shares.find the profit and profit%.
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Answer:
Step-by-step explanation:
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!
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