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a) A person buys 120 shares at a nominal value of Rs 40 each, which he sells out at Rs 45 each. Find his profit and profit percent. b) Ranna buys Rs 100 shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. Find his loss if he invested Rs 4,050. [6 MARKS]

Answer» a) A person buys 120 shares at a nominal value of Rs 40 each, which he sells out at Rs 45 each. Find his profit and profit percent.

b) Ranna buys Rs 100 shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. Find his loss if he invested Rs 4,050.

[6 MARKS]


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