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A man invests Rs. 800 in buying Rs. 5 shares and when they are selling at a premium of Rs. 1.15, he sells all the shares. Find his profit and profit percent. - Mathematics

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प्रश्न

A man invests Rs. 800 in buying Rs. 5 shares and when they are selling at a premium of Rs. 1.15, he sells all the shares. Find his profit and profit percent.

योग
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उत्तर

Nominal value of 1 share = Rs. 5

Market value 1 share = Rs. 5 + Rs. 1.15 = Rs. 6.15

Total money invested = Rs. 800

∴ No of shares purchased = `800/5` = 160

Market value of 160 shares = 160 × 6.15 = Rs. 984

His profit = Rs. 984 – Rs. 800 = Rs. 184

Profit = `184/800 xx 100%` = 23%

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