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ICSE Class 10 Answered

Sheela buys shares of a company at Rs 90 and sells them when the price becomes Rs 30 below par. Find her loss if she invested Rs 4050.
Asked by | 10 Jun, 2012, 04:45: PM
answered-by-expert Expert Answer
Number of shares bought by Sheela = Rs 4050 / Rs 90 = 45
 
She sells these 45 shares when price becomes Rs 30 below par.
Selling price of each share = Rs 90 - Rs 30 = Rs 60
 
Amount earned by selling 45 shares at Rs 60 = 2700
 
Thus, Loss = Rs 4050 - Rs 2700 = Rs 1350
Answered by | 12 Jun, 2012, 09:53: AM

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