Ramit bought 200 shares of company @Rs16 per share out of which he sold 150 share @Rs 20 per share. What is the total profit made by him and what is the profit percent and to which accounts it will be credit?
Answers
Ramit bought 200 shares at ₹16 Therefore total cost =200*16=3200
He sold 150 shares at ₹20 Therefore profit=150*20=3000
If he sells the left 50 share then 50*20=1000
Therefore total price in which he sold all shares=3000+1000=4000
Therefore total profit=4000-3200=800
Profit Percentage=Price sold-Purchase price*100÷Purchase price
=4000-3200*100÷3200
=80000÷3200
=25%
Hope it will help you......
Answer:
the total profit made by him after selling 150 shares is Rs.600
the profit percent after selling 150 shares is 25%
As Ramit made a profit, the amount will be credited to his trading or investment account, depending on the nature of the account
Explanation:
The total cost of 200 shares bought at Rs. 16 per share is:
200 shares x Rs. 16 per share = Rs. 3,200
The total selling price of 150 shares sold at Rs. 20 per share is:
150 shares x Rs. 20 per share = Rs. 3,000
Cost price of 150 shares = 150 * 16 = Rs 2400
Therefore, the total profit made by Ramit is:
Profit = Selling Price - Cost Price
Profit = Rs. 3,000 - Rs. 2,400
Profit = Rs. 600
To calculate the profit percentage, we need to use the formula:
Profit Percentage = (Profit / Cost Price) x 100
Substituting the values, we get:
Profit Percentage = (600 /2400) x 100
Profit Percentage =25%
As Ramit made a profit, the amount will be credited to his trading or investment account, depending on the nature of the account.
To learn more about profit percent from the link below
https://brainly.in/question/45400130
To learn more about trading or investment account from the link below
https://brainly.in/question/1363015
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