A person buys 120 shares at a nominal value of Rs. 40 each, which he s

1.	A person buys 120 shares at a nominal value of Rs. 40 each, which he sells at Rs. 42.50 each. Find his profit and profit per cent.
Answer» Nominal value of 120 shares = Rs. 40 × 120 = Rs. 4,800 Market value of 120 shares = Rs. 42.50 × 120 = Rs. 5,100 His profit = Rs. 5,100 – Rs. 4,800 = Rs. 300 Ans. Profit = (300/4,800) ×100%=6.25%

A person buys 120 shares at a nominal value of Rs. 40 each, which he sells at Rs. 42.50 each. Find his profit and profit per cent.

Answer»

Nominal value of 120 shares = Rs. 40 × 120 = Rs. 4,800

Market value of 120 shares = Rs. 42.50 × 120 = Rs. 5,100

His profit = Rs. 5,100 – Rs. 4,800 = Rs. 300 Ans.

Profit = (300/4,800) ×100%=6.25%