A man purchase 180 shares of a company @ 2492.50 per share and sell these @ 2675.00 per share. If br

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16 Jan 2015 Shares

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

OPtion

1) 28492.64
2) 28676.98
3) 28385.28
4) 28712.62
5) 28699.00
6) 28667.30
7) 28712.12
8) 28699.18
9) 28677.16
10)28718.66

Solution

Cost of share = 2492.5 * 180 = 448650
Brokarage = 448650 * .4/100 * 1.2 = 2153.52
Total cost of purchase = 450803.52
Cost of share = 2675*180 = 481500
Brokarage with tax = 481500 * .4/100 * 1.2 = 2311.20
Total cost of sell = 479188.80
Profit = 479188.80 - 450803.52
= 28385.28
Option 3)

Correct Option: 3 Best Solution (18)

b.subbarao   10 years AGO

gross profit on transaction=2675*180-2492.5*180=32850 brokerage on trading=(2492.5*180+2675*180)*.4%=3720.6
tax on brokerage=3720.6*20%=744.12
net profit=32850-(3720.6+744.12)=28385.28

Like? Yes (7) | No (1)  

Ashwin Dinesh   10 years AGO

Simple calculation:
CP = 450803.52
SP = 479188.80
SP - CP = 28385.28

Like? Yes (4) | No   

A M ANKIT KALLURAYA   10 years AGO

cost price=180*2492.5=448650
selling price=180*2675=481500
brokerage+20% during purchasing=2153.52
brokerage+20% during selling=2311.20
total profit=481500-2153.52-2311.20-448650=28385.28

Like? Yes (4) | No (1)  

Abhik Das   10 years AGO

At the time of buy brokerage is (2492.5*0.4)=9.97 Rs/- & tax (9.97*0.2)=1.994 Rs/-
So he has to payment total(2492.5+9.97+1.994)=2504.464 Rs/- at the time of purchase
For selling purpose the total brokerage is(2675*0.4)=10.7 Rs/-and tax is(10.7*0.2)=2.14 Rs/-
So the total selling price becomes(2675-10.7-2.14)=2662.16 Rs/-
the profit is (2662.16-2504.464)*180=28385.28 Rs/-

Like? Yes (3) | No   

Jaspalsingh Parmar   10 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

Like? Yes (3) | No   

SREENIVASA RAO PALLAPU   10 years AGO

Purchased value of 180 shares = 448650/-
brokerage on this = 1794.6/-
tax on this brokerage = 358.92/-
Sold value of 180 shares = 481500/-
brokerage on this = 96300/- (40 paisa for every 100 of sold value)
Tax on this brokerage = 385.2/-
Profit = sold value - purchased value-(brokerage + tax)
=28385.28/-

Like? Yes (2) | No (1)  

Devendra Marghade   10 years AGO

Purchase Price=180*2492.50=448650
Purchase cost=448650*(0.4/100)+[448650*(0.4/100)](20/100)=2153.52

Total earnings from Selling= 180*2675=481500
Selling cost=481500*(0.4/100)+[481500*(0.4/100)](20/100)=2311.2

Actual Profit=Total earnings from Selling- [purchase price+purchase cost +selling cost]=481500-[448650+2153.52+2311.2]=28385.28

Like? Yes (2) | No (1)  

ABHINAV PUSHPAM   10 years AGO

Right answ

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sandeep kumar   10 years AGO

By cp and sp opration

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MRITUNJAY   10 years AGO

this is the answer

Like? Yes (1) | No   

arush gupta   10 years AGO

ans is 28385.28

Like? Yes (1) | No   

souraj sadhukhan   10 years AGO

ansr s 3

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guru   10 years AGO

Total investment =448650+1794.6+358.92=450803.52
Total income= 481500 - 1926 - 385.2= 28385.28
Profit = 479188.8 - 450803.52 = 28385.28

Like? Yes (1) | No   

RAKESH   10 years AGO

add brokarage with CP while subtract from SP

then, profit = SP - CP = 28385.28

Like? Yes (1) | No   

Mithun Kumar Kesari   10 years AGO

28385.5

Like? Yes (1) | No   

Surit Datta   10 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
So option 3
That's it.

Like? Yes (1) | No   

Paras Jain   10 years AGO

its 28385.28 Ans.

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Jay parmar   10 years AGO

option 3 is correct

Like? Yes (1) | No