Question

Smt. Mita Agrawal invested Rs. 10,200 when MV of the share is Rs.100. She sold 60 shares when the MV was Rs.125 and sold remaining shares when the MV was Rs.90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss? and how much?

Answer 1

For purchasing shares: 

Here, sum invested = Rs. 10,200, MV = Rs. 100

For selling shares: 

60 shares sold at MV of Rs. 125. 

∴ MV of 60 shares = 125 × 60 

= Rs.7500 

Brokerage = (0.1/100) × 7500 = Rs.7.5 

∴ Sale value of 60 shares = 7500 – 7.5 = Rs.7492.5 

Now, remaining shares = 102 – 60 = 42 But 42 shares sold at MV of Rs.90. 

∴ MV of 42 shares = 42 × 90 = Rs. 3780 

∴ Brokerage = (0.1/100)× 3780 = Rs.3.78 

∴ Sale value of 42 shares = 3780 – 3.78 = Rs.3776.22 

Total sale value = 7492.5 + 3776.22 = Rs.11268.72 

Since, Purchase value < Sale value ∴ Profit is gained. 

∴ Profit = Sale value – Purchase value 

= 11268.72 – 10210.2 

= Rs.1058.52

∴ Smt. Mita Agrawal gained a profit of Rs. 1058.52.