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Question
What is gained by buying 200 shares (par value 100) at 8% discounted and selling them at 6% premium?
Sum
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Solution
Given:
Number of shares = 200
Purchase discount = 8%
Selling premium = 6%
Buying price per share
Buying price:
= ₹ 100 − ₹ 8
= ₹ 92
Selling price per share
Premium = 6% of ₹ 100 = ₹ 6
= ₹ 100 + ₹ 6
= ₹ 106
Profit per share:
= ₹ 106 − ₹ 92
= ₹ 14
Total gain:
= ₹ 14 × 200
= ₹ 2800
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