Sam buys shares of a company at ₹ 90 and sells them when the price becomes ₹ 30 below par. What will be his loss if he invested ₹ 4050?

Rs 800

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Rs 600

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Rs 900

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Rs 850

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Solution

The correct option is D
Rs 850

Number of shares bought = ₹ $\frac{4050}{90} = 45$

Selling price of 1 share = ₹ (90 - 30) = ₹ 60

Selling price of 45 shares = 60 $\times$ 45 = ₹ 2700

Cost price of 45 shares = ₹ 4050

Therefore loss = ₹ (4050 - 2700) = ₹ 1350

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Similar questions

Sam buys shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. What will be his loss if he invested Rs 4050?

Q. Ranna buys Rs 100 shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. Find his loss if he invested Rs 4,050.

Q. a) A person buys 120 shares at a nominal value of Rs 40 each, which he sells out at Rs 45 each. Find his profit and profit percent.

b) Ranna buys Rs 100 shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. Find his loss if he invested Rs 4,050.

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Sam buys shares of a company at ₹ 90 and sells them when the price becomes ₹ 30 below par. What will be his loss if he invested ₹ 4050?

The correct option is D Rs 850 Number of shares bought = ₹ 405090=45 Selling price of 1 share = ₹ (90 - 30) = ₹ 60 Selling price of 45 shares = 60 × 45 = ₹ 2700 Cost price of 45 shares = ₹ 4050 Therefore loss = ₹ (4050 - 2700) = ₹ 1350

The correct option is D
Rs 850

Number of shares bought = ₹ $\frac{4050}{90} = 45$

Selling price of 1 share = ₹ (90 - 30) = ₹ 60

Selling price of 45 shares = 60 $\times$ 45 = ₹ 2700

Cost price of 45 shares = ₹ 4050

Therefore loss = ₹ (4050 - 2700) = ₹ 1350