Question

Aniket invested rs 61375.5 in equity shares of rs 100 each at a market price of rs 135 per share. Later he sold these at a market price of rs. 160 per share. He paid brokerage 1% on each transaction. Find his net gain and also the percent gain.
Given:

Total amount invested = 61375.5
Face value = 100
Market value when he purchase a share = 135
Market value when he sold a share = 160
Rate of brokerage = 1%
Net gain=?
Percent Gain=?​

Answer 1

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