Mr. Anand Raj sold the 100 shares of FV Rs 36 when market was Rs 40. He paid 0.4 % of Brokerage. Find the amount earned in selling shares
Answers
Given : Mr. Anand Raj sold the 100 shares of FV Rs 36 when market was Rs 40. He paid 0.4 % of Brokerage.
To Find : the amount earned in selling shares
Solution:
Assumption : Brokerage paid only at time of selling
FV of shares = 36 Rs
Number of Shares = 100
Investment = 36 * 100 = Rs 3600
MV of share = Rs 40
Selling Price of 100 Shares = 40 * 100 = Rs 4000
Brokerage = 0.4 % = (0.4/100)4000 = Rs 16
Amount received = 4000 - 16 = 3986 Rs
Amount Earned = 3986 - 3600 = Rs 386
the amount earned in selling shares = Rs 386
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Answer:
386 is answer dear friend