answer this question plz....
Answers
Answer:
16560
Step-by-step explanation:
Given, Total investment = 1,31,000.
Given, Each share value = 100.
Discount on each share = 9% of each share
= 9% of 100
9.
Market Value = Share value - Discount
= 100 - 9
= 91
∴ Number of shares purchased = Total investment/MV
= 131040/91
= 1440
Given that she sells shares worth 72000 at a premium of 10%.
Number of such shares sold = 72000/100 = 720.
∴ Market value of 1 share = 100 + 10 = 110.
Then, Selling price of 720 such shares = 720 * 110 = 79200.
Remaining shares = 1440 - 720 = 720.
Given that rest are sold at the discount of 5%.
∴ Market value of 1 share = 100 - 5 = 95.
Selling price of such 720 shares = 720 * 95 = 68400.
Overall Selling price = 147600.
∴ Here, Selling price > Cost price. So, Gain has occurred.
Gain = Selling price - Cost price
= 147600 - 131040
= 16560.
Therefore, Gain = 16560.
Hope it helps!
Investments = Rs. 131040
Nominal Value of 1 Share(N.V.) = Rs. 100
Market Value of 1 share(M.V.) = 100 - 9% of 100.
= 100 - 9
= Rs.91
No. of Shares Purchased = Investments/M.V. of 1 Share.
= 131040/91
= 1440 Shares.
Now, Kulkarni also sells some of the shares,
No. of Shares worth Rs.72000(which are sells) = 72000/100
= 720 Shares.
M.V. of one Share which are Sell = 100 + 10% of 100.
= Rs. 110
∴ Selling Price of 720 Shares = M.V. of 1 share × No. of Shares.
= 110 × 720
= Rs. 79200
Now, Remaining Shares = 1440 - 720
= 720 Shares.
As per as the Question, Kulkarni sells these Shares at a Discount of 5%.
∴ M.V. of 1 share = 100 - 5% of 100
= 100 - 5
= Rs. 95.
Now, Selling Price of these 720 Shares = 95 × 720
= Rs.68400.
Now, Total Selling Price = Rs. (79200 + 68400)
= Rs.147600
We can see. that the Total Selling Price is greater than the Investment, thus there is an Gain.
∴ Total Gain = Total Selling Price - Total Investments.
= Rs.(147600 - 131040)
= Rs. 16560.