Mr. Tamal purchased stocks for Tk. 1500 and sold 2/3rd of it after its value doubled. He sold the remaining stock at 5 times of its purchase price. What was the total profit?

Mr. Tamal purchased stocks for Tk. 1500 and sold 2/3^rd of it after its value doubled. He sold the remaining stock at 5 times of its purchase price. What was the total profit?

A Tk. 2,000

B Tk. 2,500

C Tk. 3,000

D Tk. 6,000

Solution

Correct Answer: Option C

Mr. Tamal purchased stocks for Tk. 1500 and sold 2/3rd of it after its value doubled.

cost of 2/3rd was 1500*2/3 =1000

Sold them @ 2000

remaining cost was 500

Sold them @ 5*500 = 2500

Total selling price = 2000+2500=4500

Profit = 3000

Solution

Practice More Questions on Our App!

Related Topics