Question

Smt. Mita Agrawal invested $Rs.10,200$ when MV of the share is $Rs.100$. She sold $60$ shares when the MV was $Rs.125$ and sold remaining shares when the MV was $Rs.90$. She paid $0.1$% brokerage for each trading. Find out how much profit she made to the nearest integer value.

Answer 1

Number of shares = (amt. invested)/(MV of share) $=10200/100=102$ shares

Selling price of $60$ shares $=Rs125\times 60=Rs7500$

Remaining shares $=102-60=42$

Selling price of 42 shares $Rs90\times 42=Rs3780$

Brokerage $@0.1\%=0.1\%$ of $7500+0.1\%$ of $3780=Rs7.5+Rs3.78=Rs11.28$

So, profit $=SP$ of $60$ shares $+SP$ of $42$ shares $-$ Brokerage cost $-$ amt. invested

Profit $=7500+3780-11.28-10200=1068.72$

So, Smt. Mita Agrawal made profit of $Rs1069.$