Question

A person purchased 100 shares of Rs. 24 each quoted at Rs. 30 from the share holder. Find the gain percent obtained by original share holder

Answer 1

total amount cost to buy by first holder = 100×24 i.e 2400

and total amount cost to buy from original holder or first holder = 100×30

i.e 3000

TOTAL AMOUNT GAIN = 3000-2400

= 600

TOTAL GAIN % = 600 ÷ 100

i.e 6%