Direction: A, B, C, D and E are 5 stock investors. B purchased 2000 shares of reliance capital at 400. He seems market as a bearish and sold all his shares at 390 on next day. A, C and D bought 1000, 700 and 300 of these shares in quantity on the same day respectively. Now A and C sold 500 and 350 shares respectively on the same day and E purchased them at 395
Intraday ⇒ Buy and Sell shares on same day.
Delivery ⇒ Buy and Sell on different days.
Brokerage charges for Intraday for each transaction = 1%
Brokerage charges for Delivery for each transaction = 0.5%
What is the approximate profit or loss percentage incurred by B?
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SBI PO Mains (20 Jul, 2019)
Loss of 2.25%
Incorrect AnswerProfit of 2.25%
Incorrect AnswerLoss of 3.45%
Correct AnswerProfit of 3.45%
Incorrect AnswerLoss of 2.45%
Incorrect AnswerExplanation:
- Investor B purchased 2000 shares at ?400 each. Total cost = 2000 × ?400 = ?8,00,000.
- B sold shares at ?390 each. Total sale = 2000 × ?390 = ?7,80,000.
- Brokerage for purchase: 0.5% of ?8,00,000 = ?4,000.
- Brokerage for sale: 0.5% of ?7,80,000 = ?3,900.
- Total brokerage = ?4,000 + ?3,900 = ?7,900.
- Net sale value = ?7,80,000 - ?3,900 = ?7,76,100.
- Net cost = ?8,00,000 + ?4,000 = ?8,04,000.
- Loss = ?8,04,000 - ?7,76,100 = ?27,900.
- Loss percentage = (?27,900 / ?8,04,000) × 100 = 3.47%, approximately 3.45%.
Correct Option: Option 3 - Loss of 3.45%
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By: Parvesh Mehta