A man invests 131040 rupees in buying 100 rupees shares at a discount of 9%. She sells shares worth 72000 rupees at a premium of 10% and the rest at a discount of 5%. Find her total gain or loss on the whole.
Answers
Answer:
Rs. 16560 (Gain)
Step-by-step explanation:
Given,
Investments = Rs. 131040
Nominal Value of 1 Share(N.V.) = Rs. 100
Market Value of 1 share(M.V.) = 100 - 9% of 100.
= 100 - 9
= Rs.91
No. of Shares Purchased = Investments/M.V. of 1 Share.
= 131040/91
= 1440 Shares.
Now, Kulkarni also sells some of the shares,
No. of Shares worth Rs.72000(which are sells) = 72000/100
= 720 Shares.
M.V. of one Share which are Sell = 100 + 10% of 100.
= Rs. 110
∴ Selling Price of 720 Shares = M.V. of 1 share × No. of Shares.
= 110 × 720
= Rs. 79200
Now, Remaining Shares = 1440 - 720
= 720 Shares.
These shares are sold at a a Discount of 5%.
∴ M.V. of 1 share = 100 - 5% of 100
= 100 - 5
= Rs. 95.
Now, Selling Price of these 720 Shares = 95 × 720
= Rs.68400.
Now, Total Selling Price = Rs. (79200 + 68400)
= Rs.147600
∴ Total Gain = Total Selling Price - Total Investments.
= Rs.(147600 - 131040)
= Rs. 16560.