A man invests Rs800 in buying Rs5 shares and when they are selling at a premium of Rs1.15, he sells all the shares. Find his profit and profit percent. - Noon Academy

A man invests Rs800 in buying Rs5 shares and when they are selling at a premium of Rs1.15, he sells all the shares. Find his profit and profit percent.

Class 10 | Exercise 3A | ICSE | Maths | Selina | Shares and Dividend In Two Variables

A man invests Rs800 in buying Rs5 shares and when they are selling at a premium of Rs1.15, he sells all the shares. Find his profit and profit percent.

Nominal worth of

$1\text{ }offer\text{ }=\text{ }Rs\text{ }5$

Market esteem

$1\text{ }offer\text{ }=\text{ }Rs\text{ }5\text{ }+\text{ }Rs\text{ }1.15\text{ }=\text{ }Rs6.15$

All out cash contributed

$=\text{ }Rs\text{ }800$

In this way, the quantity of offers bought

$=\text{ }800/5\text{ }=\text{ }160$

Furthermore,

Market worth of

$160\text{ }offers\text{ }=\text{ }160\text{ }x\text{ }6.15=\text{ }Rs\text{ }984$

Hence, his benefit

$=\text{ }Rs\text{ }984\text{ }-\text{ }Rs\text{ }800\text{ }=\text{ }Rs\text{ }184$

Furthermore, the benefit rate is given by

Benefit

$\left( percent \right)\text{ }=\text{ }184/800\text{ }x\text{ }100\text{ }=\text{ }23\text{ }%$

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