Latest M4maths Aptitude Question SOLUTION: A man purchase 180 shares of a company @ 2492.50 per share and sell these @ 2675.00 per share. If brokarage is 40 paisa per 100 rupee with 20% addition tax on brokarage both time (

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(#M40092269) M4MATHS Category question Keep an EYE

A man purchase 180 shares of a company @ 2492.50 per share and sell these @ 2675.00 per share. If brokarage is 40 paisa per 100 rupee with 20% addition tax on brokarage both time (at the time of purchase and also at the time of sell) then his profit will be

Asked In M4maths Jaspalsingh Parmar (9 years ago)

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A M ANKIT KALLURAYA  (9 years ago)

option 3...
do simple cp sp operation

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Jaspalsingh Parmar  (9 years ago)

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

20% addition tax on brokarage
=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

20% addition tax on brokarage
=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 .....jsp

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