Question

What profit will Shireen make by selling 150 shares of Rs 100 each
par value and sold at 10 premium, brokerage being 1% in each transaction?​

Answer 1

Shireen made  ₹ 1,185 by selling shares.

Step-by-step explanation:

Number of shares Shireen have = 150 shares

Purchase amount = 100 Rs.

purchase amount of 150 shares = 150 × 100 = 15,000

Total purchase amount with brokerage = 15,000 +(1% × 15,000)

                                                                  = 15,000 +(0.01  × 15,000)

                                                                  = 15,000 + 150

                                                                  = 15,150

Face value of each share = 100

Premium = 10

MV = FV + Premium

Market Value = 100 + 10 = 110

selling amount = 150 × 110

                         = 16,500

Brokerage 1% = 16,500 -(1% of 16,500)

                       = 16,500 - 165

                       = 16,335

Profit made by Shireen = 16335 - 15150

                                       = ₹ 1,185

Shireen made  ₹ 1,185 by selling shares.

Learn more about premium and FV = https://brainly.in/question/15106072