Question

Mr. Mahesh Desai purchased 1500 units of a M.F. on 14th April, 2011 for
* 15.000. He sold his units on 9th Dec. 2011 at N.A.V. of 14.75. The Short
Term Gain Tax (STGT) was 10% of the profit. Find his net profit.​

Answer 1

Step-by-step explanation:

Mr. Mahesh Desai purchased 1500 units of a M.F. on 14th April, 2011 for

* 15.000. He sold his units on 9th Dec. 2011 at N.A.V. of 14.75. The Short

Term Gain Tax (STGT) was 10% of the profit. Find his net profit.