Question

Smt. Mita Agrawal invested Rupees 10,200 when MV of the share is Rupees 100. She sold 60 shares when the MV was Rupees 125 and sold remaining shares when the MV was Rupees 90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss ? and how much ? Solve the word problem

Answer 1

Dear Student,

◆ Answer -

Profit = 1058.52 Rs

◆ Explanation -

No of shares Smt Mita invested in are -

No of shares = total investment / MV of each share

No of shares = 10200 / 100

No of shares = 102 shares

When she sold 60 shares at Rs 125 -

Money recieved = 60 × 125

Money recieved = 7500 Rs

During sale of remaining 102-60 = 42 shares -

Money recieved = 42 × 90

Money recieved = 3780 Rs

Total brokerage for all tradings is -

Total brokerage = rate of brokerage × total value of trades

Total brokerage = 0.1/100 × (10200 + 7500 + 3780)

Total brokerage = 21.48 Rs

Gain/loss by Smt Mita will be -

Gain/loss = money received - money spent

Gain/loss =

Gain/loss = (7500+3780) - (10200+21.48)

Gain/loss = 1058.52 Rs

Therefore, Smt Mita will make a profit of 1058.52 Rs.

Hope this helps you...

Answer 2

Step-by-step explanation:

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