Comprehension Passage

From the caselet mentioned presented answer the following questions.

A person buys equity shares worth INR 50,000 and sells equity shares worth INR 30,000. Meanwhile his demat account already had 50 equity shares from company X worth INR 5,000 per share. The next day he observed rise of 5% in those shares and sold 15 of them. The amount received from this selling was further reinvested into gold whose price at that moment was INR 39,375 per biscuit (22 carat gold). Furthermore when Company X’s shares peaked profit at 10% on the very same day he sold rest of the shares. The money obtained was used to purchase equity shares of company Y at INR 2000 per share. Furthermore, person purchased 10 more shares of company Y by investing his own money and later on traded it at 5% profit (Sold). 

Calculate profit earned on last transaction in caselet.

1
Rs. 8,000
2
Rs. 9,500
3
Rs. 9,800
4
Rs. 10,500
5
Rs. 10,600

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation