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Mr. Modi invested Rs. 30,120 in equity s...

Mr. Modi invested Rs. 30,120 in equity shares of FV Rs. 10 when the market value was Rs. 60. After receiving dividend on them at 90%, he sold them at MV of Rs.55. In each transaction he paid 0.4% brokerage. What was the total gain or loss in this transaction ?

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The correct Answer is:
Mr. Modi made a profit of Rs. 1770 in the whole transaction.
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Knowledge Check

  • The face value of share is Rs 100 when market value was Rs 80 . Company declared 30% dividend. The dividend per share is …….

    A
    `Rs 24`
    B
    `Rs 30`
    C
    `Rs 300`
    D
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