Question

A man invests rupee 2160 in shares of rupees 9 each and sells them at rupees 12. Find his profit percentage from his investment. ​

Answer 1

Answer:

since, a man invests ₹2160 in shares, no. of shares he bought are, 2160/9 = 240 shares.

as he sold them at ₹12, the profit he got for each share is 12-9 = ₹3

now, profit percentage from his investment is, 3/2160×100

=> 30/216 = 0.13%

hence, his profit percentage is 0.13%