Mathematics
A man invests ₹ 800 in buying ₹ 5 shares and when they are selling at a premium of ₹ 1.15, he sells all the shares. Find his profit and profit percent.
Shares & Dividends
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Answer
C.P. of shares = ₹ 800,
Cost of 1 share = ₹ 5
No. of shares = = 160.
Premium = ₹ 1.15
Market value of 1 share = ₹ 5 + ₹ 1.15 = ₹ 6.15
S.P. of shares = 160 × ₹ 6.15 = ₹ 984.
Profit = ₹ 984 - ₹ 800 = ₹ 184.
Hence, profit = ₹ 184 and profit % = 23%.
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