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A person invests Rs. 4368 and buys certain hundred-rupee shares at 91. He sells out shares worth Rs. 2400 when they have t risen to 95 and the remainder when they have fallen to 85. Find the gain or loss on the total transaction. Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given Investment = Rs. 4368

Market value of each share = Rs. 91

Face value of each share = Rs 100

Therefore, number of shares = 4368/91 = 48

Face value of 24 shares = 24 x 100 = Rs 2400

Sale price of shares worth Rs 2400 = (2400 x 95)/ 100 = Rs 2280

Face value of remaining shares = 24 x 100 = Rs 2400

Sale price of shares of remaining amount = (2400 x 85)/ 100 = Rs 2040

Total amount received = 2280 + 2040 = Rs 4320

Loss = 4368 – 4320 = Rs 48

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