Smt. anagha doshi purchased 22 shares of FV ₹ 100 for ₹ 660. find the sum invested . after taking 20% dividend she sold all the share when market value was ₹ 650. she paid 0.1% brokerage for each trading done . find the percent of profit or loss in the share trading.
Answers
Answer:
Total profit will be 1.316%
Step-by-step explanation:
FV of each share = 100
FV of each share = 660
Number of shares purchased= 22
=> amount invested = number of shares x MV = 22 x 660 = ₹ 14520
Brokerage paid when buying shares = 0.1% of 14520
= 0.1x14520/100
= 14.52
Total Divident received = number of shares x 20% of FV
= 22 x 20/100 x 100
= 440
selling price of each share = 650
=> Total selling price = 650 x 22 = 14300
Brokerage paid during selling of shares = 0.1% of 14300 = 14.3
Total brokerage paid = 14.52 + 14.3 = 28.82
Hence net income of smt doshi
= selling price of shares + total dividend received - total brokerage paid
= 14300 + 440 - 28.82
= ₹ 14711.18
since net income is greater than the amount invested, so it's a profit.
profit = 14711.18 - 14520 = ₹ 191.18
=> % profit = 191.18/14520 x 100 = 1.316%
Answer:
Step-by-step explanation:
At the time of purchase:
Market Value (MV) = Rs 660 [given]
Face Value (FV) =Rs 100 [given]
Number of shares purchased = 22
Sum invested = Number of shares ×
MV
= 22 × 660
= 14520
Therefore, total amount invested to purchase 22 shares is equal to Rs. 14,520.
Brokerage = 0.1% of sum invested
= (0.1/100) × 14520
= 0.001 × 14520
=14.52
Therefore, brokerage at the time of purchasing is equal to Rs. 14.52
At the time of selling :
MV = Rs. 650 [given]
FV = Rs. 100 [given]
Dividend for = 20% of FV [given]
1 share
= (20 / 100) × 100
= 20
Therefore,
Dividend for 22 shares = 22 × 20
= 440
Therefore, total dividend is equal to Rs. 440
Brokerage = 0.1% of MV
= (0.1 / 100) × 650
= 0.65
Brokerage for 22 shares = 22 × 0.65
= 14.30
Therefore, brokerage at the time of selling is equal to Rs. 14.30
Therefore,
total brokerage = brokerage at the
time of purchase +
brokerage at the
time of selling
= 14.52 + 14.30
= 28.82
Net income = (money received on
selling + total dividend)
- total brokerage
= ( 14300 + 440) - 28.82
= 14711.18
Sum invested < total income
Therefore, profit.
Profit = total income - sum invested
= 14711.18 - 14520
= 191.18
Profit % = ( profit / sum invested )
× 100
= ( 191.18 / 14520 ) × 100
= 1 [approximately]
Therefore, the profit percent of Smt. Anagha Doshi is approximately equal to 1%.