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.

• A. Rs. 160
• B. Rs. 184
• C. Rs. 196
• D. Rs. 204

Answer 1

The correct option is B Rs. 184

Market value of each share=Rs.5

No of share=800

Amount required to purchase the shares=$5\times 800=Rs.4000$

Man further sell the share at a premium of Rs.1.15 each

$\therefore$Man further sell the share at Rs.(5+1.15)=Rs.6.15

Total amount he gets by selling the share$=800\times 6.15=Rs.4920.00$

$\therefore$Profit$=4920-4000=Rs.920$

Profit%$=\frac{920}{4000}\times 100=23$%