A person buys 240 shares at nominal value of Rs 40 each, which he sells out at Rs 47 each. Find his profit and profit percent.

Rs 1680, 15.9%

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Rs 1680, 14.9%

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Rs 1600, 14.9%

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Rs 1600, 15.9%

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Solution

The correct option is B
Rs 1680, 14.9%

Gain in 1 share = ₹ (47 - 40) = ₹ 7

Gain in 240 shares = 240 $\times$ 7 =₹ 1680

Gain percent = 1680 $\times \frac{100}{240 \times 40} = 17.5 %$

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A person buys 240 shares at nominal value of Rs 40 each, which he sells out at Rs 47 each. Find his profit and profit percent.

The correct option is B Rs 1680, 14.9% Gain in 1 share = ₹ (47 - 40) = ₹ 7 Gain in 240 shares = 240 × 7 =₹ 1680 Gain percent = 1680 ×100240×40=17.5%

The correct option is B
Rs 1680, 14.9%

Gain in 1 share = ₹ (47 - 40) = ₹ 7

Gain in 240 shares = 240 $\times$ 7 =₹ 1680

Gain percent = 1680 $\times \frac{100}{240 \times 40} = 17.5 %$