Question

Mr Santosh purchased 25 shares of a company of FV =50RS at MV=56RS.The company declared 9% dividend. After receiving dividend, he sold the shares at MV=52RS.He paid brokerage at the rate 0.5%for each transaction. What is his profit or loss in this transaction? Plz help me with this ​

Answer 1

Step-by-step explanation:

Earning from sell=(56-52)*25=100

Earning from dividend =9*50*25/100=112.50

Brokerage=(52+56)*25*.5/100=13.50

Total profit=(100+112.5)-13.50=Rs199.00