Question

Mr. Dixit invests Rs 43,680 in buying Rs 100 shares at a discount of 9%. He sells shares worth Rs 24,000 at a premium of Rs 5% and the rest at a discount of 10%. Find the total gain or loss from the transaction.

Answer 1

You've to consider market value as ₹100.
So he bought x number of shares are ₹91 each.
Total number of shares = 43680/91 = 480

He again sells x number of shares for ₹105 each.
So number of shares sold = ₹24000/105 = 229

So number of shares left = 480-229 = 251

He sold them at 10% discount, so at ₹90 each.

251*90 = ₹22590

So total selling price = 24000+22590 = 46590
So gain = 46590-43680= ₹2910