A share is purchased at a rate of 23.60 and sold at a rate of 36.40. If brokerage at the time of buy and sell is 50 paisa per 100 rupee, then net profit will be. (excluding any other government charges)

M4maths Previous Puzzles

22 Feb 2012 share A share is purchased at a rate of 23.60 and sold at a rate of 36.40. If brokerage at the time of buy and sell is 50 paisa per 100 rupee, then net profit will be. (excluding any other government charges): OPtion
1) 12.80
2) 12.30
3) 12.40
4) 12.90
5) 12.50
6) 11.90
7) 11.50
8) 11.80
9) 12.60
10) none of these; Correct Option: 5 Best Solution (8)

Ashu 12 years AGO

Difference in rate = 36.40-23.60 = Rs 12.80
Brokerage = (23.60+36.40)*0.5/100 = 0.3 rs

Profit = 12.8-0.3= Rs. 12.5

Like? Yes (4) | No (2)

Mageshkumar 12 years AGO

step 1:
23.60 of 0.5% is 0.118
36.40 of 0.5% is 0.182
sum of brokage (0.118+0.182)=0.3
profit = (s.p-c.p)
=36.40-23.60
=12.8
step 2:
profit - brokage
= 12.8-0.3
=12.5

Like? Yes (2) | No

G Ramkumar 12 years AGO

The brokerage rate is 0.5% for both selling and buying of shares. So we find the corresponding brokerage charges and subtract it from the net profit.,i.e.36.40-23.60=12.8000. And brokerage is 0.3000. Subtracting it we get 12.5000

Like? Yes (1) | No

prem kumar.s 12 years AGO

for23.60 rs brokerage=11.8paisa
and 36.40 rs brokerage=18.2paisa
so total brokerage=30paisa
total profit=12.80
net profit=total profit-total brokerage
12.50=12.80-12.30
so ans is 12.50

Like? Yes (3) | No (3)

Tijo Jose 12 years AGO

36.4 * 0.995 - 23.60 * 1.005
= 12.5

Like? Yes (2) | No (2)

Vignesh 12 years AGO

Purchased rate = 23.60
Tax for purchase = 23.6*.50/100 =.118paise
Sold rate = 36.40
Tax for sold = 36.4 *.50/100 =.182paise
Total rate for purchase = 23.60 + .118 = 23.718rs
Total profit for sold = 36.40 - .182 = 36.218
Net Profit = 36.218 - 23.718 = 12.5Rs

Like? Yes (2) | No (3)

Kannan 12 years AGO

36.40 + 23.60 =60
60* (0.50/100)=0.3

36.40 - 23.60 =12.8
=> 12.8-0.3=12.5

Like? Yes (1) | No (3)

Rakesh Kumar Kohli 12 years AGO

Cost price of share = 23.60
Selling price of share = 36.40
Profit = 12.80
Brokerage = (23.60+36.40)* (50/100)*60
= 30 Paise
Therefore Net profit = 12.80 - .30 = 12.50
Hence Ans. 5) 12.50

Like? Yes (1) | No (3)

Dimple

India

Punjab

Time: 00:01:33

Points

Maths Quotes

As for everything else, so for a mathematical theory: beauty can be perceived but not explained.

Arthur Cayley

An expert is a man who has made all the mistakes, which can be made, in a very narrow field.

Niels Bohr

Placed User Comments

M4Math helped me a lot.

Vipul Chavan 4 years ago

Thanks m4 maths for helping to get placed in several companies.
I must recommend this website for placement preparations.

yash mittal 5 years ago

A share is purchased at a rate of 23.60 and sold at a rate of 36.40. If brokerage at the time of buy

M4maths Previous Puzzles

22 Feb 2012 share