Question:

Aman bought '3x' shares for Rs. 420 per share, '4x' shares for Rs. 450 per share and '3x' shares for Rs. 430 per share. He sold 40% of the shares at Rs. 480 per share and the rest at Rs. 'y' per share. If he made a total profit of 20% on the whole transaction, find the value of 'y'.

Updated On: Jul 8, 2025

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The Correct Option is C

Solution and Explanation

The correct option is (C): 550
Total shares bought = 3x + 3x + 4x = 10x
40% of 10x = 4x and the remaining = 6x
Shares bought for = 3x * 420 + 4x * 450 + 3x * 430
Shares sold for = 4x * 480 + 6x * y
According to question,
4x * 480 + 6x * y = 120/100 * (3x * 420 + 4x * 450 + 3x * 430)
=> y = 550

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Aman bought '3x' shares for Rs. 420 per share, '4x' shares for Rs. 450 per share and '3x' shares for Rs. 430 per share. He sold 40% of the shares at Rs. 480 per share and the rest at Rs. 'y' per share. If he made a total profit of 20% on the whole transaction, find the value of 'y'.

The Correct Option is C

Solution and Explanation

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