Question

A man invested Rs.10,400 in buying a share of face value Rs. 100 at a price of Rs.80. If he sels off these shares at Rs.90 each,then his income is

Answer 1

Step-by-step explanation:

no of shares bought=investment/MV of one share

=> n = 10400/80 => 230

profit = n × [value sold at - value bought at]

Profit = 230 × [ 90 - 10 ] => Rs 2,300

total Income by selling the shares = n × 90 =

230×90 => Rs 20,700