Mr Joshi purchased 125 shares of every rupees hundred for market value of rupees 90 after taking 20% dividend in the first year and 15% dividend in the second year he sold all the shares when the market value was Rupees 1 not 5 he paid 50 paise per share brokerage for each transaction done find the profit or loss in the transaction
Answers
Rs 6187.5 profit
Step-by-step explanation:
Shares purchased = 125
MV = Rs 90
Investment = 125*90 = Rs 11250
Share value = Rs 100
20% Dividend = Rs 20 per share
Dividend for 125 Shares = 125*20 = Rs 2500
15% Dividend = Rs 15 per share
Dividend for 125 Shares = 125*15 = Rs 1875
MV = Rs 105
Selling Price = 125 * 105 = Rs 13125
Brokerage = 125 * (50/100) = Rs 62.5
Net Amount earned = 13125 + 2500 + 1875 - 62.5
= 17437.5 Rs
Profit = 17437.5 - 11250
= Rs 6187.5
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