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A holding comapny sold 1000 shares of its subsidiary company at rupees 20 per share. The cost of purchase of 3000 shares was rupees 48000. Profit on sale will be ?
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A holding comapny sold 1000 shares of its subsidiary company at rupees...
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A holding comapny sold 1000 shares of its subsidiary company at rupees...
Profit on sale will be ₹ 4000.

1st calculate cost price of 1000 shares i.e.
( 48000÷ 3000 ) * 1000 = ₹16000

sale of 1000 shares @ ₹20 = ₹20000

sale - purchase = profit
₹ 20000 -16000= 4000
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A holding comapny sold 1000 shares of its subsidiary company at rupees 20 per share. The cost of purchase of 3000 shares was rupees 48000. Profit on sale will be ?
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