Question

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.​

Answer 1

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Answer 2

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.

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