Aryan bought 100 shares of a company at ₹50 per share. He paid a brokerage fee of 2% on the purchase. Later, he sold all the shares at ₹55 per share and paid a brokerage fee of 2% on the sale. What is Aryan's net profit percentage on his investment?

Explanation

Cost price of shares $100 \times 50 = 5000$ Brokerage on purchase $2\%$ of $5000 = 100$ Total cost price $5000 + 100 = 5100$ Selling price of shares $100 \times 55 = 5500$ Brokerage on sale $2\%$ of $5500 = 110$ Total selling price $5500 - 110 = 5390$ Net profit $5390 - 5100 = 290$ Profit percentage $\frac{290}{5100} \times 100 = 5.69\%$