Smt. Anagha Joshi purchased 22 shares of FV Rs. 100 for MV of Rs. 660. Find the sum invested. After taking 20% dividend she sold all the shares when MV was Rs. 650. She paid 0.1% brokerage for each trading done. Find the percent of profit or loss in the share trading.
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Answers
Answer:
The answer is 1% profit
Total profit will be 1.316%.
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
= 0.1 x 14520/100
= 14.52
Total Dividend 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. Joshi
= 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%
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