Ramesh bought 150 share at the rate of rs. 10 per share. company give 15% profit and he get 10% on his investment.find the rate of share.
To find the rate of each share, we need to calculate the total investment and the total profit earned by Ramesh.
First, let's calculate the total investment:
Total Investment = Number of shares * Rate per share
Total Investment = 150 * Rs. 10
Total Investment = Rs. 1500
Next, we need to calculate the total profit earned:
Total Profit = Total Investment * Profit Percentage
Total Profit = Rs. 1500 * 15%
Total Profit = Rs. 1500 * 0.15
Total Profit = Rs. 225
Since Ramesh received a 10% return on his investment, we can calculate the return:
Return = Total Investment * Return Percentage
Return = Rs. 1500 * 10%
Return = Rs. 1500 * 0.10
Return = Rs. 150
Now, we can calculate the selling price of each share:
Selling Price = Total Investment + Total Profit + Return
Selling Price = Rs. 1500 + Rs. 225 + Rs. 150
Selling Price = Rs. 1875
Finally, we can divide the selling price by the number of shares to find the rate per share:
Rate of each share = Selling Price / Number of shares
Rate of each share = Rs. 1875 / 150
Rate of each share = Rs. 12.50
Therefore, the rate per share is Rs. 12.50.