Question

Smt.Anagha Doshi purchased $22$ shares of FV $Rs.100$ for Market value of $Rs.660$ =. find the sum invested. After taking $20\%$ divided,she sold all the shares when market value was $Rs.650$. She paid $0.1\%$ brokerage for each trading done. find the percent of profit or loss in the share trading (write your answer to the nearest integer).

Answer 1

Given,

Face value of each share $=$Rs. $100$

Market value of each share $=$ Rs. $660$

Number of shares purchased $=22$

$\therefore$ Amount invested $=$ Number of shares purchased $\times$ Market value of each share

$=22\times$ Rs. $660=$ Rs. $14,520$

Brokerage paid on purchasing the shares $=0.1\%$ of Rs. $14,520$

$=\frac{0.1}{100}\times 14,520=$Rs. $14.52$

Total dividend received $=$ Number of shares purchased $\times$ divided received on each shares

$=22\times \frac{20}{100}\times 100=$Rs. $440$

Selling piece of each share $=$Rs. $650$

$\therefore$ Selling price of $22$ shares $=22\times 650=$Rs. $34,300$

Brokerage paid on selling the shares $=0.1\%$ of Rs. $14,300=\frac{01}{100}\times 14300=$Rs. $14.30$

$\therefore$ Total brokerage paid $=$Brokerage paid on purchasing the shares $+$Brokerage paid on selling the shares

$=$Rs. $14.52+$Rs. $14.30=$Rs. $28.82$

Net income of Smt. Anagha Doshi $=$Total money received on selling $22$ shares $+$ Total dividend received $-$ Total brokerage paid

$=$Rs. $14,300+$Rs. $440-$Rs. $28.82=$Rs. $14,711.18$

Since net income of Smt. Anagha had profit.

Profit$=$Net income of Smt. Anagha $=$ Amount invested $=14,711.18-14,520=$Rs. $191.18$

$\therefore$ Profit $\%=\frac{Profit}{Amountinvested}\times 100\%=\frac{191.18}{14,20}\times 100\%\approx 1\%$

Thus, the profit percent in the share trading is $1\%$. (Answer to the nearest integer)