Vijay invested * 9000 in Tata Mutual Fund, when NAV was * 150.
He sold all his units when NAV touched 165. Find his gain in the
transaction
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Given : Vijay invested * 9000 in Tata Mutual Fund, when NAV was * 150.
He sold all his units when NAV touched 165.
To Find : his gain in the transaction.
Solution:
Vijay invested * 9000 in Tata Mutual Fund, when NAV was * 150.
=> Number of units bought = 9000/150 = 60
Sold at NAV = 165
Amount Received = 60 * 165
= 9900
Gain = 9900 - 9000 = 900
Gain % = (900/9000) * 100 = 10 %
Gain in transaction = 900 or 10 %
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