Mr. Rahim purchased one lot of shares (50 shares per lot) of company X for Tk. 5000 and sold 3/5th of it after its value doubled. He sold the remaining shares at a price 3 times higher than the original purchase price. What was his total profit?
Created: 6 years ago |
Updated: 2 years ago
best des
Cost price per share = 5000/50 = 100
3/5 of the share = 30 share
Sold 30 share at = 30 × (100 × 2) = 6000 tk
Sold 20 share at = 20 × (100 × 3) = 6000 tk
Profit = (6000 + 6000) 5000 = 7000 tk (ans)
Md Azizur Rahman
Founder of Satt
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