A person invests rs 4368 and buy certain hundred rupee shares @ 91.He sells out shares worth rs 2400 when they have risen to rs 95 and the remainder when they have fallen to rs 85.Find the gain or loss on the total transaction.
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Invested=4368
per share=91
no. of share=4368/91=48
when rate is 95 per share ,he sold =24 shares
he got=24×95=2280
remaining shares =48-24=24 shares
when shares are 85 per shares then he sells 24 shares,
so he gets 24×85=2040
total he invested =4368
he got back= 2040+2280=4320
loss=Rs.48.
i hope its help you.
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per share=91
no. of share=4368/91=48
when rate is 95 per share ,he sold =24 shares
he got=24×95=2280
remaining shares =48-24=24 shares
when shares are 85 per shares then he sells 24 shares,
so he gets 24×85=2040
total he invested =4368
he got back= 2040+2280=4320
loss=Rs.48.
i hope its help you.
Plzz marks as Brainliest.
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