Smt. Mita Agrawal invested Rs. 10,200 when MV of the share is Rs. 100. She sold 60 shares when the MV was Rs. 125 and sold remaining shares when the MV was Rs. 90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss? and how much?
Amount Invested = Rs. 10,200
Market value when purchased = Rs. 100
Rate of Brokerage = 0.1%
Brokerage when purchased = ![]()
Brokerage when purchased = ![]()
Brokerage when sold = ![]()
Brokerage when sold for first 60 shares = ![]()
Brokerage when remaining shares are sold = ![]()
No. of shares Purchased = ![]()
No. of shares sold when M.V. is Rs. 125 = 60
No. of shares sold when M.V. is Rs. 90 = (102-60) = 42
Total amount returned = (60× 125) + (42× 90) = Rs. 11,280
Total brokerage paid = (0.1×102) + (0.125×60) + (0.09×42) = Rs. 21.48
Total profit = ( Total amount returned- Amount Invested- Total brokerage paid) = Rs. 1058.52
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