Mr. Rahim purchased one lot of shares (50 shares per lot) of company X for Tk. 5000 and sold 3/5th of it after its value doubled. He sold the remaining shares at a price 3 times higher than the original purchase price. What was his total profit?
A
Tk. 5000
B
Tk. 5500
C
Tk. 6000
D
Tk. 7000
Correct Answer: Tk. 7000
Cost price per share = 5000/50 = 100 3/5 of the share = 30 share Sold 30 share at = 30 × (100 × 2) = 6000 tk Sold 20 share at = 20 × (100 × 3) = 6000 tk Profit = (6000 + 6000) 5000 = 7000 tk (ans)