alleryStart learning →A holding has 500 shares at Rs 30 and 500 at Rs 50. Selling 300 for net Rs 15,000 gives what gain on average cost?
ARs 3,000
BRs 6,000
CRs 12,000
DNil
Answer & Solution
Correct answer: A. Rs 3,000
Average cost is 40,000 / 1,000 = 40, so 300 shares carry 12,000 and the gain is 15,000 - 12,000 = 3,000.
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