Question

In Tanzania, Helen invested TZS x300,000 in shares of company X and TZS X550,000 in the shares of company Y. After a year, she sold all shares of both company for TZS X400,000 and TZS X700,000 respectively. What is her profit from company X

Answer 1

Answer:

she had earn no profit because the companies share had been losse and she had got a lose of around 90%

Answer 2

Answer:

Helen's profit from sale of shares in company X = TZS X100000

Explanation:

Given:

1. Investment in Company X = TZS X300000
2. sale consideration of company X = TZS X400000
3. Profit from sale of shares in Y = TZS X100000 i.e. (TZS X400000 -TZS X300000)

Similarly,

1. Investment in Company Y= TZS X550000
2. sale consideration of company X = TZS X700000
3. Profit from sale of shares in Y  = TZS X150000 i.e. (TZS X700000 -TZS X550000)