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ICSE Class 10 Answered

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Asked by siddharthjaiswal1122 | 06 Mar, 2019, 01:43: PM
answered-by-expert Expert Answer
Let he sold x number of shares.
 
Amount of x shares at Rs.92  = Rs.92x
 
if another share purchased at Rs.115, then number of new shares purchased = 92x/115 =(4/5)x
 
difference in income = (5)(4/5)x  - (5/2)x = 90  or (3/2)x = 90 . Hence  x = 60
 
(1) number of shares sold = 60
(2) number of shares purchased = (4/5)60 = 48
(3) new income  = 48×5 = Rs.240
(4) rate of earning  = (240/6000)×100 =  4%
Answered by Thiyagarajan K | 06 Mar, 2019, 02:15: PM

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