Discussion

Explanation:

From Statement A

The cost of buying the shares for Harshad is

CP + 0.01 CP = 1.01 CP

The cost of selling the shares for Harshad is

SP – 0.01 SP = 0.99 SP

∴ Profit = Cost of selling – Cost of buying

             = 0.99 SP – 1.01 CP

∵ SP = 1.05 CP

Profit = (0.99 × 1.05 CP) – 1.01 CP

         = 0.0295 CP

∴ Profit earned per rupee spent on buying the shares is Rs 0.0295.

From the number of shares given in the statement B, we cannot conclude anything.

Hence, option (a).

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