Q11 of 55 Page 111

Smt. Anagha Doshi purchased 22 shares of FV Rs. 100 for Market Value of Rs. 660. Find the sum invested. After taking 20% dividend, she sold all the shares when market value was Rs. 650. She paid 0.1% brokerage for each trading done. Find the percent of profit or loss in the share trading. (Write your answer to the nearest integer.)

No. of shares = 22


Face Value = Rs. 100


Market Value when purchased = Rs. 660


Market Value when sold = Rs. 650


Rate of brokerage = 0.1 %


Brokerage paid when purchased =


Brokerage paid when purchased =


Brokerage paid when sold =


Brokerage paid when sold =


Total value of purchase = (660 + 0.66)× 22 = Rs. 14534.52


Total value of sell = (650-0.66)× 22 = Rs. 14285.48


Loss in share selling = ( Total value of purchase- Total value of sell) = Rs. 249.04


Rate of Dividend = 20%


Dividend =


Dividend =


Total dividend = (20× 22) = Rs. 440


Overall profit in the trade = ( Total dividend- Loss in share selling) = Rs. 190.96


Profit percent =


Profit percent =


More from this chapter

All 55 →