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Question
A person buys 120 shares at a nominal value of Rs. 40 each, which he sells at Rs. 42.50 each. Find his profit and profit percent.
Sum
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Solution
Nominal value of 120 shares = Rs. 40 × 120 = Rs. 4,800
Market value of 120 shares = Rs. 42.50 × 120 = Rs. 5,100
His profit = Rs. 5,100 – Rs. 4,800 = Rs. 300
Profit = `300/4800 × 100%` = 6.25%
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