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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.) |
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Answer» 6540 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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