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:

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Explanation:

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Answer 2

Answer:

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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.

Solution:

Sneha invested Rs.75,000

MV $:\longmapsto$ 85 Rs

Brokerage of 1.5% $\rm :\longmapsto{(\dfrac{1.5}{100}})$85

$\quad:\longmapsto$ 1.275 Rs

Shares bought $\rm :\longmapsto{ \dfrac{75000}{(85 + 1.275)}}$

$\quad\implies$869.313

15% dividend  on FV 10 $\rm :\longmapsto{(\dfrac{15}{100}})$10

$\quad:\longmapsto$  Rs 1.5

Dividend = 869.313 x 1.5 = 1,303.97  Rs

Sold for Rs 70  

Brokerage Paid $:\longmapsto$ 1.5 % $:\longmapsto$  $\rm :\longmapsto{(\dfrac{1.5}{100}})$70

$:\longmapsto$  1.05 Rs

Received per share $:\longmapsto$  70 - 1.05

$\quad:\longmapsto$ 68.95 Rs

Shares sold  for = 869.313 ×  68.95  

$\quad:\longmapsto$  59,939.14 Rs

1,303.97 + 59,939.14

$\quad:\longmapsto$  61,243.11 Rs

Loss =  75,000 -  61,243.11  

$:\longmapsto$ 13,756.89  Rs

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