Mr Gellard invested Rs. 16,000 in 7%, Rs. 200 shares at Rs. 160. He sold the shares at Rs. 150 each. He incurred a _________.A. loss of Rs. 1300B. loss of Rs. 1000C. proft of Rs. 1000D. profit of Rs. 1200

Mr Gellard invested Rs. 16,000 in 7%, Rs. 200 shares at Rs. 160. He so

1.	Mr Gellard invested Rs. 16,000 in 7%, Rs. 200 shares at Rs. 160. He sold the shares at Rs. 150 each. He incurred a _________.A. loss of Rs. 1300B. loss of Rs. 1000C. proft of Rs. 1000D. profit of Rs. 1200
Answer» Correct Answer - B (i) Number of shares `=("Total investment")/(MV)` (ii) Number of shares `=("Total investment")/("MV of each share")`. (iii) `SP` of total shares = Rs. `150 xx` Number of shares.

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Mr Gellard invested Rs. 16,000 in 7%, Rs. 200 shares at Rs. 160. He sold the shares at Rs. 150 each. He incurred a _________.A. loss of Rs. 1300B. loss of Rs. 1000C. proft of Rs. 1000D. profit of Rs. 1200

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