Question

Mr Khan invest rupees 131000 in buying shares of face value rupees hundred at a discount of 9% she sells share worth rupees 72000 at a premium of 10% and the rest at the discount of 5% find the total gain or loss on the whole​

Answer 1

Mr. Khan has gained total 16,505 Rs.

Step-by-step explanation:

Investment = ₹ 1,31,000

Face value = ₹ 100

discount on each share = 9% × 100

                                        = 9 Rs.

Market value (M.V.) of one share = 100 - 9

                                                     = 91 Rs.

Number of shares purchased = Total investment ÷ M.V. of one share

                                                 = 131000 ÷ 91

                                                 = 1439.56 ≈ 1439 shares

Now Mr. Khan sells some shares worth Rs. 72,000.

Total number of shares he sold = $\frac{72000}{100}=720$

Market value of one share = 100 +(10% × 100)

                                            = 100 + 10

                                            = 110 Rs.

Selling price of 720 shares = 110 × 720

                                             = ₹ 79,200

Remaining shares = 1,439 - 720 = 719

He sold remaining shares at the discount of 5%.

Market value of share = 100 -(5% × 100)

                                     = 100 - 5

                                     = 95 Rs.

Price of remaining 719 shares = 719 × 95

                                                  = ₹ 68,305

Total selling price = 79,200 + 68,305

                              = ₹ 1,47,505

Selling price is greater than investment. Therefore there is a gain.

Gain = selling price - investment

Gain = 147505 - 131000 = 16,505

Thus, Mr. Khan has gained total 16,505 Rs.

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