A person buys 120 shares at a nominal value of Rs 40 each, which he sells at Rs 42.50 each. Find his profit and profit percent.

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Solution

No. Of Shares = 120
M.V Of each Share = Rs. 40
Cost Price of 120 shares = 120 $\times$ 40 = Rs. 4800.
Selling Price of Each Share = Rs. 42.50
S.P of 120 Shares = 120 $\times$ 42.50 = Rs. 5100
Profit = 5100 - 4800 = Rs. 300
% of Profit = $\frac{300}{4800} \times 100 = 6.25 %$

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A person buys 120 shares at a nominal value of Rs 40 each, which he sells at Rs 42.50 each. Find his profit and profit percent.

No. Of Shares = 120 M.V Of each Share = Rs. 40 Cost Price of 120 shares = 120 × 40 = Rs. 4800. Selling Price of Each Share = Rs. 42.50 S.P of 120 Shares = 120 × 42.50 = Rs. 5100 Profit = 5100 - 4800 = Rs. 300 % of Profit = 3004800×100=6.25%

No. Of Shares = 120
M.V Of each Share = Rs. 40
Cost Price of 120 shares = 120 $\times$ 40 = Rs. 4800.
Selling Price of Each Share = Rs. 42.50
S.P of 120 Shares = 120 $\times$ 42.50 = Rs. 5100
Profit = 5100 - 4800 = Rs. 300
% of Profit = $\frac{300}{4800} \times 100 = 6.25 %$