Question
If the overall profit was Rs.6 per share, then the profit earned per share by selling Reliance share is:
Answer: Option A
:
A
Let the total number of shares for the month of August 2007 be x and the total profit earned in that month be Rs. Y.
The Overall profit =y/x = Rs. 6 per share.
We need to find the profit earned by selling one share of Reliance
i.e. profit share earned by selling reliance shares/Number of shares of reliance
=
= Rs.5.46 Hence (a).
Alternately:
Let the number of shares be 100, hence the total profit is Rs. 600
From the chart, the number of shares of Reliance= 35
profit % from Relaince=32% of 600
Profit /Share= (32% of 600)/35 = 5.5
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:
A
Let the total number of shares for the month of August 2007 be x and the total profit earned in that month be Rs. Y.
The Overall profit =y/x = Rs. 6 per share.
We need to find the profit earned by selling one share of Reliance
i.e. profit share earned by selling reliance shares/Number of shares of reliance
=
= Rs.5.46 Hence (a).Alternately:
Let the number of shares be 100, hence the total profit is Rs. 600
From the chart, the number of shares of Reliance= 35
profit % from Relaince=32% of 600
Profit /Share= (32% of 600)/35 = 5.5
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