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Arvind sells 300 shares at a market value of Rs. 475. He had purchased the shares two years ago at Rs. 425. His broker charges brokerage at 11.11% of the gross value of the transaction. Determine the net gain / loss over the period.

A.	Rs. 834.6	B.	Rs. 835
C.	Rs. 833	D.	Rs. 899

Answer and Explanation

Answer:Rs. 833

Explanation:
Arvind’s income on selling the shares is (8/9) (300 x 475) = 126667.
=> His initial investment was 300 x 425 = Rs. 127500
=> Arvind’s net loss is Rs. 833.

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