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Mahesh Bought 600 Shares of Rs 50 Each of 'Excel Computers'. He Sold One Third of Them When They Were at a Premium of Rs 20 and the Remaining When They Were at a Discount of Rs 5 - Mathematics

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प्रश्न

Mahesh bought 600 shares of Rs 50 each of 'Excel Computers'. He sold one third of them when they were at a premium of Rs 20 and the remaining when they were at a discount of Rs 5. Find his gain or loss in the transaction.

योग
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उत्तर

No. of shares = 600

Nominal value of a share =Rs 50

Investment by Mahesh =Rs (50 x 600) =Rs 30,000 

Shares sold at premium = `1/3` x 600 = 200 

Market value ofa share with Premium= Rs (50 + 20) =Rs 70 

Value of 200 shares= Rs (70 x 200) =Rs 14,000 ............ (i) 

Shares sold at discount= 600 - 200 = 400 

Market value of a share with discount = Rs ( 50 - 5) = Rs 45 

Value of400 shares= Rs (45 x 400) =Rs 18,000 ............ (ii) 

Adding ( i) and (ii), gives total money Mahesh received by selling his shares = Rs ( 14,000 + 18,000) = Rs 32,000

Difference in selling price and cost price =Rs (32,000 -30,000) =Rs 2,000

Hence, Mahesh gained Rs 2,000 

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अध्याय 4: Shares and Dividends - Exercise 4.1 [पृष्ठ ६१]

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फ्रैंक Mathematics - Part 2 [English] Class 10 ICSE
अध्याय 4 Shares and Dividends
Exercise 4.1 | Q 7 | पृष्ठ ६१

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