📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A person purchases 50 shares of a company at a price of

    Rs 80 per share. He sells part of these shares at a 25% profit and the rest at a 15% loss. If his overall profit percentage is 9%, determine the ratio of shares sold at a profit to those sold at a loss.
    A 1: 2 Correct Answer Incorrect Answer
    B 3:2 Correct Answer Incorrect Answer
    C 2: 1 Correct Answer Incorrect Answer
    D 3: 4 Correct Answer Incorrect Answer
    E none Correct Answer Incorrect Answer

    Solution

    Cost Price of 50 shares = 50 Ă— 80 = 4000 Let x shares are old at 25% profit and (50-x) shares are sold at 15% loss Selling Price of x shares at 25% profit = xĂ— 80 Ă— 1.25 = 100x Selling Price of (20-x) shares at 15% loss = (50-x)Ă— 80 Ă— 0.85 = 68Ă—(50-x) Total Selling Price = 100x + 68Ă—(50-x) = 32x+3400 And he gains 9% profit so, selling price = 109% of 4000 = 4360 32x+3400 = 4360 32x = 960 x = 30 number of shares sold on loss = 50-30 = 20 required ratio = 3: 2

    Practice Next
    More Percentage Questions
    ask-question