question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends ……..
we have given that 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.
then explain how the gain or loss on the total transaction be found out.
if there is any specific formula. do mention that .
Q no. 26, exercise 3, ML Publication, share and dividends
no. of share=4368/91=48
when rate is 95 per share , he sold =24 shares
he got =24*95=2280
remaining shares= 48-24=24 shares
when shares arre 85/share then he sells 24 shares,
so he gets 24*85=2040
he invested (total)=4368
he got back =2040+2280=4320