Ann bought 4000 of a company stock, she sold 75% of it when the value doubled and the remainder four times the purchase price. What was her total profit
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Answer:
6000
Step-by-step explanation:
let the total number of stocks = 100
total c.p of stocks= Rs 4000 & purchase price of each stock=4000/100 = Rs 40
stocks sold at double price =75% of 100
= 75 & collection of 75 stocks =75 × 80 =6000
remaining stocks & their value
= 25 × 4×40 = 4000
her total profit =(6000+4000)-4000
= Rs 6000
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