Ms. Zareen purchased stock for Tk. 15,000 and 2/3 of it after its value doubled. She sold the remaining stock at 5 times its purchase price , what was her total profit?
Created: 6 years ago |
Updated: 2 years ago
best des
Original price:
2/3 of stock = 10000
1/3 of stock = 5000
Sale price:
2/3 doubled = 2*10000 = 20000
1/3 quintupled = 5*5000 = 25000
Total profit = Total selling price - Total purchase price of stock =
(20000 + 25000) - (10000 + 5000) = 45000 - 15000 = 30000 tk
Md Azizur Rahman
Founder of Satt
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