Question

Mr Mehta of bought 120 shares of rupees hundred face value at a premium of rupees 50 after receiving a dividend of 30% from the company he sold half the shares at a discount of rupees 10 and others at a premium of rupees 40 for each transaction here to pay a brokerage of 1% find whether Mr Mathur and profit or loss find its percentage​

Answer 1

Answer:

Mr. Mathur was in profit. His profit percentage was 28.9%

Step-by-step explanation:

No. of shares = 120

Face value of the share = 100

Mr. Mathur bought the shares at Rs. 50 premium

Therefore, he bought the shares at Rs. 150 per share

Amount spend by Mr. Mathur

$=150\times 120$ Rs.

$=18000$ Rs.

He got divided of 30%

Dividend is given at the face value of the shares

Therefore, per share the dividend is

$=100\times\frac{30}{100}$

$=30$ Rs.

For 120 shares, the dividend is

$=120\times 30$

$=3600$ Rs.

Mr. Mathur then sold half of his shares at Rs. 140 and half at premium of 40

Therefore, he sold 60 shares at Rs. 140 and 60 shares at Rs. 190 with 1% brokerage for each

Thus,

Total amount received

$=0.99\times (60\times 140+60\times 190)$

$=0.99\times 19800$

$=19602$ Rs.

Total profit of Mr. Mathur

$=19602+3600-18000$

$=5202$ Rs.

Profit percentage

$=\frac{5202}{18000}\times 100$

$=28.9\%$

Hope this helps.

Answer 2

Answer:

5 %  Loss

Step-by-step explanation:

120 shares of rupees hundred face value at a premium of rupees 50

=> Amount Paid = 120 * (100 + 50) = Rs 18000

1% Brokerage = (1/100)*18000 = Rs 180

Total Amount Paid = 18180 Rs

Dividend = (30/100) * 100 * 120  = Rs 3600

60 shares sold at  Rs 90 = 5400 Rs

60 Shares sold at Rs 140 = 8400 Rs

Total Selling Amount = 5400 + 8400 = Rs 13800

Brokerage paid = (1/100) * 13800 = Rs 138

Amount Received = 13800 - 138 = Rs 13662

Total Received = 3600 + 13662 = 17262 Rs

Loss = 18180 - 17262  = Rs 918

Loss % = (918/18180) * 100 = 5 %