Question

Shruti invested Rs 6024 in the share of FV Rs10 when the market
value was Rs 60 she sold all the shares at MV of
Rs 50 after taking 60% dividend the paid 0.4% Irokerage
cat each stage of transactions What was the total gain ar
loss in the transaction?​

Answer 1

Total loss of Rs 444 in transaction

Step-by-step explanation:

Let say number of shares bought = X

MV = 60

AMount = 60X

Brokerage - (0.4/100)60X  = 0.24X

60X + 0.24X = 60.24X  = 6024

=> X = 100

100 Shares Bought  

invested Rs 6024

Dividend per share = (60/100)10  = Rs 6

Dividend for 100 Shares = 6 * 100 = Rs  600

Sold at Rs 50  * 1000 = Rs 5000

Brokerage paid = (0.4/100)*5000 = Rs 20

Net Cost = 6024 + 20 = 6044

Net Income = 600 + 5000 = 5600

Loss = 6044 - 5600  =  Rs 444

Total loss of Rs 444 in transaction

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