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.
Investment = Rs 800
Nominal Value (NV) = Rs 5
Market Value (MV) = Rs 6.15
No of share=InvestmentNV=8005=160
Now, SP = 160 × 6.15 = Rs 984
Profit = Rs 984 - 800 = 184
Profit% = 184800×100=23%