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Mr Gellard invested Rs. 16,000 in 7%, Rs...

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. 1300

B

loss of Rs. 1000

C

proft of Rs. 1000

D

profit of Rs. 1200

Text Solution

Verified by Experts

The correct Answer is:
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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