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Question

A man invests Rs 800 in buying Rs 5 shares and when they are selling at a premium of Rs 1.15, he sells all the shares. Find his profit and profit percent.


Solution

Nominal value of 1 share = ₹ 5
Market value 1 share = ₹ 5 + ₹ 1.15 = ₹ 6.15
Total money invested = ₹ 800
No of shares purchased =  = 160
Market value of 160 shares = 160 × 6.15= ₹ 984
His profit = ₹ 984 – ₹ 800 = ₹ 184
profit =  × 100% = 23%

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