SOLUTION: A company abought 1,000 shares at Rs. 56.27 per share and sold them after 1 year at Rs. 65.25 with a 1.2% commission rate of buying and selling the stock. what is its return on inv

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A company abought 1,000 shares at Rs. 56.27 per share and sold them after 1 year at Rs. 65.25 with a 1.2% commission rate of buying and selling the stock. what is its return on inv      Log On


   

Question 521404: A company abought 1,000 shares at Rs. 56.27 per share and sold them after 1 year at Rs. 65.25 with a 1.2% commission rate of buying and selling the stock. what is its return on investment?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
1,000 shares at Rs. 56.27
commission
= 0.012*56.27*1000
=675.24
Total cost =56.27*1000=56270
=56270+675.24
=> 56945.24
SELLING
Rs. 65.25 with a 1.2% commission rate
commission
65.25*0.012*1000=783
sale
65.25*1000=65250
65250-783=64467
Profit
64457-56945.24=7511.76
profit/cost *100 = yield%