A man invests 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
4
Answer:
23%
Step-by-step explanation:
C.p of 1 share = Rs 5
total no. of shares = 800/5 = 160
selling price of1 share = c.p + premium
= 5 + 1.15 = Rs 6.15
total s.p = 160 × 6.15 = Rs 984
profit = 984 - 800 = Rs 184
profit % = 184/800 * 100 = 23%
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