What will be the profit of his ?

+1 vote
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A man purchase 180 shares of a company @ 2492.50 per share and sell these @ 2675.00 per share. If brokarage is 40 paise per 100 rupees with 20% addition tax on brokarage both time ( at the time of purchase and also at the time of sell ).

What will be the profit of his ?

posted Jan 16, 2015

+1 vote

1 share purchase cost=2492.5 then 180 shares cost= 448650

since brokarage is 40 paisa per 100 rupee then for 2492.5 how much so,
=(0.4/100)*2492.5 = 9.97

=9.97+(0.2*9.97) = 11.964
for 180 shares, 180*11.964 = 2153.52--------------------(1st incentives)

1 share selling cost=2675 then 180 shares cost= 481500

since brokarage is 40 paisa per 100 rupee then for 2675 how much so,
=(0.4/100)*2675 = 10.7

=10.7 + (0.2*10.7) = 12.84
for 180 shares, 180*12.84 = 2311.2----------------------(2nd incentive)

so total profit =selling price - cost price-(additional incentives)=481500-448650-(2153.52+2311.2)
=28385.28
hence solved

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