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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 per Cent. - Mathematics

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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 per cent.

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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APPEARS IN

 Selina Solution for Concise Mathematics for Class 10 ICSE (2020 (Latest))
Chapter 3: Shares and Dividend
Exercise 3(A) | Q: 3 | Page no. 29
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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 per Cent. Concept: Shares and Dividends.
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