Laxman buys 10,000 shares of X Lid at a price of 22 per share whose beta value is 1.5 and sells 5,000 shares of A Ltd at a price of 40 per share having a beta value of 2 . He obtains a complete hedge by Nitty futures at 1,000 each. He closes out his position at the closing price of the next day when the share of X Lid. dropped by 2%, share of ALtd. appreciated by 3% and Nifty futures dropped by 1.5%. CALCULATE the overall profitlloss to Ram