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Solution for 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 per Cent. - ICSE Class 10 - Mathematics

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Question

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 per cent.

Solution

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 98

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

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

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Solution for question: 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 per Cent. concept: Shares and Dividends. For the course ICSE
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