Raman buys shares of a company at ₹ 90 and sells them when the prize becomes ₹30 below par. find his loss if he invested ₹4,050.
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Step-by-step explanation:
➡️No. of shares bought by raman
= Rs 4050/Rs 90
= Rs 45
☆ He sells these 45 shares when price becomes Rs 30
so ,
➡️selling price of each share
=> Rs 90 - Rs 30
=> Rs 60
➡️Amount earned by selling 45 shares at Rs 60
=> 45 x 60
=> 2700 Rs
Now ,
Loss = C.P - S.P
Loss = ( 4050 - 2700 ) Rs
Loss = 1350 Rs
hope it helps you☺☺
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