Profit,Loss and Discount

This topic has expert replies
User avatar
Legendary Member
Posts: 1132
Joined: Mon Jul 20, 2009 3:38 am
Location: India
Thanked: 64 times
Followed by:6 members
GMAT Score:760

Profit,Loss and Discount

by harsh.champ » Tue Feb 09, 2010 1:56 am
A man buys shares at a discount of Rs.x. Later he sells all but 10 of the shares he purchased at a premium of Rs.x. If his investment was Rs.4500 and proceeds from the sale were Rs.6250, how many shares did he buy originally ? [Assume face value of shares as Rs.100.]

(A)50
(B)40
(C)60
(D)90
(E)None of these

The OA is C.
It takes time and effort to explain, so if my comment helped you please press Thanks button :)



Just because something is hard doesn't mean you shouldn't try,it means you should just try harder.

"Keep Walking" - Johnny Walker :P
Source: — Problem Solving |

User avatar
Legendary Member
Posts: 1022
Joined: Mon Jul 20, 2009 11:49 pm
Location: Gandhinagar
Thanked: 41 times
Followed by:2 members

by shashank.ism » Tue Feb 09, 2010 6:02 am
harsh.champ wrote:A man buys shares at a discount of Rs.x. Later he sells all but 10 of the shares he purchased at a premium of Rs.x. If his investment was Rs.4500 and proceeds from the sale were Rs.6250, how many shares did he buy originally ? [Assume face value of shares as Rs.100.]

(A)50
(B)40
(C)60
(D)90
(E)None of these

The OA is C.
ans is C
My Websites:
www.mba.webmaggu.com - India's social Network for MBA Aspirants

www.deal.webmaggu.com -India's online discount, coupon, free stuff informer.

www.dictionary.webmaggu.com - A compact free online dictionary with images.

Nothing is Impossible, even Impossible says I'm possible.