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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 percent.
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. 984
His profit = Rs. 984 – Rs. 800 = Rs. 184
Profit = `184/800 xx 100%` = 23%
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