1.

Mohan invested Rs.24,000 in 8% Rs.400 shares at Rs.320. He sold them at Rs.360 after one year. Find the total profit he earned. (in Rs.)

Answer»

6540
5400
6600
7200

Solution :Face value/share = Rs.400
Dividend rate = `8%`
ANNUAL inocome/share = Rs.32
Market value/share = Rs.320
`"NUMBER of shares bought"=(24,000)/(320)=75`
`THEREFORE` Profit earned (in Rs.) = `75(360-320+32)="Rs.5400."`


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