Carol invested ₹6030 in the shares of FV ₹40 and MV ₹50. She got 60% dividend on them and sold the shares at MV of ₹40. She paid 0.5% brokerage at each stage of the transactions. What was the total gain or loss in this transaction?

₹1144

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₹1244

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₹1254

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₹1268

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Solution

The correct option is C ₹1254
Total amount invested = ₹6030
MV of 1 share = ₹50
Brokerage on 1 share = 0.5% of ₹50 = $\frac{0.5}{100} \times 50$ = ₹0.25
Cost of one share for Carol = ₹50 + 0.25 = ₹50.25
Number of shares bought = $\frac{6030}{50.25}$ = 120
Selling Price of one share = MV - Brokerage = ₹40 - ( $\frac{0.5}{100} \times 40$ ) = ₹39.8
Selling Price of 120 shares = 120 $\times$ 39.8 = ₹4776
Since Selling price is Less than cost price, Carol suffered a loss.
Loss = ₹6030 - ₹4776 = ₹1254

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