Mrs.Kulkarni invests Rs.1,31,040 in buying Rs. 100 shares at a discount of 9%. She sells shares worth Rs.72,000 at a premium of 10% and the rest at a discount of 5%. Find her total gain or loss on the whole.
Answers
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Explanation:
Given, Total investment = 1,31,000.
Given, Each share value = 100.
Discount on each share = 9% of each share
= 9% of 100
9.
Market Value = Share value - Discount
= 100 - 9
= 91
∴ Number of shares purchased = Total investment/MV
= 131040/91
= 1440
Given that she sells shares worth 72000 at a premium of 10%.
Number of such shares sold = 72000/100 = 720.
∴ Market value of 1 share = 100 + 10 = 110.
Then, Selling price of 720 such shares = 720 * 110 = 79200.
Remaining shares = 1440 - 720 = 720.
Given that rest are sold at the discount of 5%.
∴ Market value of 1 share = 100 - 5 = 95.
Selling price of such 720 shares = 720 * 95 = 68400.
Overall Selling price = 147600.
∴ Here, Selling price > Cost price. So, Gain has occurred.
Gain = Selling price - Cost price
= 147600 - 131040
= 16560.
Therefore, Gain = 16560.
- I hope this help you !