Question

A person invests $Rs.4368$ and buys certain hundred-rupee shares at $Rs.91$. He sells are shares worth $Rs.2400$ when they have risen to $Rs.95$ and the remainder when they have fallen to $Rs.85$. Find the gain or loss on the total transaction.

Answer 1

Invested amount $=Rs.4368$

No. of $100$ ruppee share $=\frac{4368}{91}=48$ shares

No. of shares shares worth $2400=\frac{2400}{95}$

No. of remaining shares $\Rightarrow 48-\frac{480}{19}$

$\Rightarrow \frac{19\times 48-480}{19}\Rightarrow \frac{48\times 9}{19}$

Total amount he get $=2400+\frac{49\times 9}{19}\times 85=4332.63rs$

invested amount > return amount

$\therefore$ loss $=$ invested $-$ return $=4368-4332.63Rs.$

$loss=35.37Rs.$