1. You bought the stock for βΉ900 and sold it for βΉ1200, making a profit of βΉ300 (βΉ1200 - βΉ900).
2. Then, you bought it back for βΉ1300 and sold it again for βΉ1600, making a profit of βΉ300 (βΉ1600 - βΉ1300).
The calculation seems correct, but let's consider the overall profit:
You made βΉ300 in the first transaction and βΉ300 in the second transaction. The profit is indeed βΉ600.
However, another way to look at it is to calculate the total profit based on the cash flows:
- Initially, you paid βΉ900 and received βΉ1200, so you had βΉ300.
- Then, you paid βΉ1300 and had βΉ300 - βΉ1300 = -βΉ1000.
- Finally, you received βΉ1600, so you had -βΉ1000 βΉ1600 = βΉ600.
The calculation βΉ600 seems correct based on both methods.