Question

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.​

Answer 1

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%