Question

Venu invested ₹ 5,02,950 in Infosys when price of Rs 5 shares was 3353. He sold shares worth Rs 500 when the price went up to 3583 and the remaining he sold when the price was Rs 3253. How much did Venu gain

Answer 1

Answer:

Number of shares = 50,29503,35350,29503,353 = 150

∴ Stock = 5 x 150 = 750

Stock work 500 means 100 shares

Price of 1 share is 3,585

Price of 100 shares = 3,58,300

Remaining shares = 50

Price of 1 share is 3,253

Price of 50 shares = 1,62,650

∴Total amount received after selling the share’s is 3,58,300 + 1,62,650 = Rs 5,20,950

Hence venu gaind 5,20,950 – 5,02,950 = Rs. 18,000