Question

A person buys 120 shares at a nominal value and Rs 40 each, which he sells at Rs 42.50 each. Find his profit and profit percentage

Answer 1

C.P.=40Rs each share.
S.P.=42.50 Rs each share.
Profit=42.50-42Rs.
= 2.50Rs.

Therefore profit%=(profit/C.P.)*100.
= (2.50/40)*100.
=0.0625*100.
=6.25% profit.
Hope it helps.

Answer 2

Percentage = 6.25 %

Step-by-step explanation:

According to the questions,

Cost of 1 share = 40

He bought 120 shares,

Then, cost price of 120 shares = $120\times 40$

= Rs.4800/-

Selling price of 1 share = 42.50

Then, selling price 120 shares = $42.50\times 120$

= Rs.5100/-

Profit = selling price - cost price

Profit = 5100 - 4800

Profit = 300

Percentage = $\frac{300}{4800}\times 100$

Percentage = 6.25 %