Ritu purchased 200 HDFC shares when the price was 625 and then sold al

1.	Ritu purchased 200 HDFC shares when the price was 625 and then sold all the shares when the price went upto 715. If the brokerage for each transaction was 1%. How much did Ritu gain.
Answer» Selling price of 200 shares at 625 = 1,25,000 Brokerage is \(\frac{1}{100}\) × 1,25,000 = 1,250 Amount paid = 1,25,000 + 1,250 = 1,26,250. Selling price of 200 shares at 715 = 1,43,000 Brokerage is \(\frac{1}{100}\) × 1,43,000 = 1,430 Amount received = 1,43,000 – 1,430 = 1,41,570 Ritu gained = 1,41,570 – 1,26,250 = Rs 15,320

Ritu purchased 200 HDFC shares when the price was 625 and then sold all the shares when the price went upto 715. If the brokerage for each transaction was 1%. How much did Ritu gain.

Answer»

Selling price of 200 shares at 625 = 1,25,000

Brokerage is \(\frac{1}{100}\) × 1,25,000 = 1,250

Amount paid = 1,25,000 + 1,250 = 1,26,250.

Selling price of 200 shares at 715 = 1,43,000

Brokerage is \(\frac{1}{100}\) × 1,43,000 = 1,430

Amount received = 1,43,000 – 1,430 = 1,41,570

Ritu gained = 1,41,570 – 1,26,250 = Rs 15,320