A person invests Rs., 28500 in 5% stock at 95 | vedclass

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Question

(B) Stock purchased by investing $Rs.\, 28500$ in $5\%$ stock at $95$ is calculated as:$= Rs.\, \left(\frac{100}{95} 	imes 28500ight) = Rs.\, 30000

Vedclass · Accepted Answer

Loss $= Rs.\, 300$

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(B) Stock purchased by investing $Rs.\, 28500$ in $5\%$ stock at $95$ is calculated as:$= Rs.\, \left(\frac{100}{95} 	imes 28500ight) = Rs.\, 30000$.Money realized by selling $Rs.\, 15000$ stock at a market value of $Rs.\, 98$ is:$= Rs.\, \left(\frac{98}{100} 	imes 15000ight) = Rs.\, 14700$.Remaining stock $= Rs.\, (30000 - 15000) = Rs.\, 15000$.Money realized by selling the remaining $Rs.\, 15000$ stock at $Rs.\, 90$ is:$= Rs.\, \left(\frac{90}{100} 	imes 15000ight) = Rs.\, 13500$.Total money realized $= Rs.\, (14700 + 13500) = Rs.\, 28200$.Money invested $= Rs.\, 28500$.Since the total money realized is less than the money invested,there is a loss.Loss $= Rs.\, (28500 - 28200) = Rs.\, 300$.

$A$ person invests $Rs.\, 28500$ in $5\%$ stock at $95$. He sold $Rs.\, 15000$ stock when the price rose to $Rs.\, 98$ and sold the remaining stock when the market value of the stock fell to $Rs.\, 90$. How much does he gain or lose in the transaction?

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