Hamesha purchased 640 shares at a market price of Rs 320 each and sold them afterwards at a price of Rs 380 per share. He was charged brokerage at 0.5 percent for both deals. Find the purchase and sales amount and also the profit he gained.
Added by Natalia R.
Step 1
First, we need to find the purchase amount. To do this, we multiply the number of shares by the market price per share: Purchase amount = 640 shares × Rs 320/share = Rs 204,800 Show more…
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