Question

Q.No : 14
Amogh sold his 125 units of a certain mutual fund when its NAV was Rs 15. If the exit load is 0.6%
then in this deal, he received Rs​

Answer 1

Answer:

91/100×x=25935

⇒ x=(25935×100/91)=28500

⇒ M.P. = Rs. 28500

S.P. = Rs. 25935, Gain = 3.74%

∴ C.P. = Rs. (100/(103.74)×25935) = Rs. 25000

New S.P. = Rs. 28500, C.P. = Rs. 25000

∴ New Gain% =(3500/25000×100)%=14%

Answer 2

Amount of Rupees received by  Amogh Rs. 1863.75.

Step-by-step explanation:

Given:

125 units of a certain mutual fund was sold by Amogh when its NAV was Rs 15 . The exit load is 0.6% in this deal.

To Find :

Amount of Rupees received by Amogh.

Solution:

As given- 125 units of a certain mutual fund was sold by Amogh when its NAV was Rs 15 . The exit load is 0.6% in this deal.

Selling price of 1 unit = NAV- exit load

                                    $= 15- 15 \times\frac{0.6}{100}$

                                     $= Rs. 14.91$

                                 

Selling price of 125 units =125 x Selling price of 1 unit

                                          $=125\times 14.91$

                                           $= Rs. \ 1863.75$

Amount of Rupees received by Amogh = Selling price of 125 units

                                                                 $= Rs. \ 1863.75$

                                                               

Thus, Amount of Rupees received by Amogh was Rs. 1863.75.