Question

Sneha invested Rs.75,000 in equity shares of Rs. 10 F.V. and market value of Rs. 85 each After receiving 15% dividend she sold all the shares at Rs.70 each. She paid brokerage of 1.5% on both the transaction. Find her profit or loss.
​

Answer 1

Answer:

Sneha invested Rs.75,000 in equity shares of Rs. 10 F.V. and market value of Rs. 85 each After receiving 15% dividend she sold all the shares at Rs.70 each. She paid brokerage of 1.5% on both the transaction. Find her profit or loss.

Answer 2

Given : Sneha invested Rs.75,000 in equity shares of Rs. 10 F.V. and market value of Rs. 85 each After receiving 15% dividend she sold all the shares at Rs.70 each. She paid brokerage of 1.5% on both the transaction.

To Find :   her profit or loss. ​

Solution:

Sneha invested Rs.75,000

MV = 85 Rs

brokerage of 1.5%  = (1.5/100)85 = 1.275 Rs

Shares bought =   75000/ (85 +  1.275)  = 869.313

15% dividend  on FV 10   = (15/100)10 =  Rs 1.5

Dividend = 869.313 x 1.5 = 1,303.97  Rs

Sold for Rs 70  

Brokerage Paid = 1.5 % = (1.5/100)70  = 1.05 Rs

Received per share =  70 - 1.05 = 68.95 Rs

Shares sold  for = 869.313 x  68.95  =     59,939.14 Rs

1,303.97 + 59,939.14   = 61,243.11 Rs

Loss =  75,000 -  61,243.11   = 13,756.89  Rs

Learn  More;

What is the amount of dividend received per share of face value ...

brainly.in/question/4333521

Pratik owned 300 shares of a company with face value of 2 10 each ...

brainly.in/question/24794779