Calculate the sale proceeds;

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Solution

Number of shares=60
Nominal value of each share=Rs.100
Nominal value of 60 shares $= 100 \times 60 = R s .6000$
$∴$ The sale proceeds=6000+60% of 6000
$\Rightarrow 6000 + \frac{60}{100} \times 6000$
$\Rightarrow 6000 + 3600 = R s .9600$

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Q. Sir what is sales proceed?
please explain in a detailed way, to remove my confusion.
What is basically sales proceed????????
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Calculate the sale proceeds;

Number of shares=60Nominal value of each share=Rs.100Nominal value of 60 shares=100×60=Rs.6000∴The sale proceeds=6000+60% of 6000⇒6000+60100×6000⇒6000+3600=Rs.9600

Number of shares=60
Nominal value of each share=Rs.100
Nominal value of 60 shares $= 100 \times 60 = R s .6000$
$∴$ The sale proceeds=6000+60% of 6000
$\Rightarrow 6000 + \frac{60}{100} \times 6000$
$\Rightarrow 6000 + 3600 = R s .9600$