Smt sinha purchased 90 shares of FV ₹100 at a premium of ₹ 30. Company declared 20 % dividend. After receiving dividend she sold half the share at MV ₹150 and the remaining shares at the MV ₹ 90. What is her profit or loss in this transaction?
Answers
Answer:
Step-by-step explanation:
Rs 900 is Profit in Transaction
Step-by-step explanation:
Smt sinha purchased 90 shares
FV = Rs 100
Premium = Rs 30
MV = 100 + 30 = Rs 130
Investment = 90 * 130 = 11700 Rs
Dividend 20 % at FV = (20/100)100 = 20 Rs per Share
Dividend for 90 Shares = 20 * 90 = Rs 1800
Half Shares (45) sold at MV 150 & Remaining 45 Share at MV 90
= 45 * 150 + 45 * 90
= 10800 Rs
Total Return = 10800 + 1800 = 12600 Rs
Profit = 12600 - 11700 = Rs 900
Rs 900 is Profit in Transaction
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