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Question
A person invests Rs. 4368 and buys certain hundred-rupee shares at 91. He sells out shares worth Rs. 2400 when they have t risen to 95 and the remainder when they have fallen to 85. Find the gain or loss on the total transaction,
Solution
Investment = Rs. 4368
Market value of each share = Rs. 91
Face value of each share = Rs. 100
∴ No. of shares = `(4368)/(91)` = 48
Face value of 24 shares
= 24 x 100
= Rs. 2400
Sale price of share worth Rs. 2400
= `(2400 xx 95)/(100)` = Rs.2280
Face value of remaining shares
= 24 x 100
= Rs. 2400
Sale price of shares of remaining amount
= `(2400 xx 85)/(100)` = Rs. 2040
Total amount received
= Rs. 2280 + Rs. 2040 = Rs. 4320
∴ Loss
= Rs. 4368 - Rs. 4320
= Rs. 48.
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