Question

Illustration 13 :
Mr. Lohia purchased shares of a company at * 100 and sold them on the
same day at 116. The brokerage charged was 0.1% only on sales. If the
net amount received by Mr. Lohia was 9,300 in the two transactions, find
the no. of shares, traded on the day.​

Answer 1

Gain per share = 116-100-.001= 15.999/-
Net gain = ₹9300
No of shares = 9300/15.999=
581 shares
If in case it is amount received
Then no of shares = 9300/115.999 = 80