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Supposed I purchased 1000 share of RS 100 on 1/11/2018 and get bonus share 1:2 on 2/6/2019. before and after record date price of shares quoted at RS 175 and 90. I sold bonus shares on 7/9/2019.so what would be profit or loss of sales of bonus shares.
Replies (1)
total number of bonus shares in 1:2= 500 shares
(1000 sh x 1/2)
total number of shares after bonus = 1,500 shares
sales proceeds of bonus shares is RS. 45,000
(500shares x RS. 90/-)
less: cost of bonus shares is RS. 33,333.33
(1,00,000 / 1,500 shares) x 500 shares
profit on sale of bonus shares is RS. 11,666.67
(1000 sh x 1/2)
total number of shares after bonus = 1,500 shares
sales proceeds of bonus shares is RS. 45,000
(500shares x RS. 90/-)
less: cost of bonus shares is RS. 33,333.33
(1,00,000 / 1,500 shares) x 500 shares
profit on sale of bonus shares is RS. 11,666.67
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