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Question
Divya invested Rs 50,000 in buying shares of Rs 125 each of 'Hitech Technologies'. She sold half of them when they were at a premium of 24% and the remaining half when they were at a discount of 20%. Find her gain or loss in the transaction.
Solution
Investment by Divya =Rs 50,000
Nominal value of a share =Rs 125
No. of shares purchased by Divya = `50000/125` = 400
Shares sold at premium = 200
Market value of a share with Premium
= Rs ( 125 + 24 % of Rs 125)
=Rs (125 + 30) =Rs 155
Value of 200 shares = Rs ( 155 x 200) = Rs 31,000 ............ (i)
Shares sold at discount= 200
Market value of a share with discount = Rs ( 125 - 20°/o of Rs 125)
= Rs ( 125 - 25) =Rs 100
Value of 200 shares = Rs ( 100 x 200) = Rs 20,000 ............ (ii)
Adding (i) and (ii), gives total money Divya received by selling her shares
= Rs (31,000 + 20,000) = Rs 51,000
Hence, Divya gained Rs 1,000
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