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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 difference of profit amount earned by C on his remaining shares and profit amount earned by A on his remaining shares, if both of them sold their shares after 6 months at Rs. 500 per share.
16000
18000
20000
4000
12000
- Calculate the costs and profits for A:
- A bought 1000 shares at Rs. 390 each.
- Sold 500 shares at Rs. 395 on the same day.
- Intraday brokerage on 500 shares: 1% of (500 x 395) = Rs. 1975.
- Remaining 500 sold after 6 months at Rs. 500:
- Total sale: 500 x 500 = Rs. 250,000.
- Delivery brokerage on sale: 0.5% of 250,000 = Rs. 1250.
- Profit for A's remaining shares: 250,000 - (390 x 500) - 1250 = Rs. 54,750.
- Calculate the costs and profits for C:
- C bought 700 shares at Rs. 390 each.
- Sold 350 shares at Rs. 395 on the same day.
- Intraday brokerage on 350 shares: 1% of (350 x 395) = Rs. 1382.5.
- Remaining 350 sold after 6 months at Rs. 500:
- Total sale: 350 x 500 = Rs. 175,000.
- Delivery brokerage on sale: 0.5% of 175,000 = Rs. 875.
- Profit for C's remaining shares: 175,000 - (390 x 350) - 875 = Rs. 38,625.
- Difference in profit: 54,750 - 38,625 = Rs. 16,125.
- Correct answer: Option 1: 16,000
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