Question

Find the percentage gain or loss if 200 shares of face value Rs.10 were purchased at Rs.350 each and sold later at Rs. 352 the brokerage being 0.5% on each of the transaction

Answer 1

Answer:

0.427% loss

Step-by-step explanation:

200 shares of face value 10 rs are purchased at 350 rs each

so, 350×200=70,000 + 350(0.5% brokerage) =70,350 total investment to buy

now all are sold later at 352 each which means 352×200=70,400 selling price

now the brokerage here is 0.5% also on the selling price of each share so the brokerage will be rs 352 on 70,400 rs ,

so the purchasing price was 70,350 and selling price was 70,400 means there was a 50 rs profit , but after subtracting the rs 352 brokerage there will be a loss of rs 302 (70,702 - 70,400)

so now his cost price is 70,702 (after adding the brokerages) and selling price is 70,400

so, 100/70,702 ×70,400 = 99.572

means there will be a loss of (99.572- 100) =0.427%.

(please let me know I am correct or not)