Question

10) Mukesh puchased shares of FV rs.10 when MP was
rs.125. Brokerage was paid at the rate of 0.23%.
Find the brokerage
(a) with approximation
(b) without approximation per share.
Hence find the difference in the purchase price of
1000 shares. (Example based on approximation)​

Answer 1

Answer:

FV=10

MV=125

brokerage= 0.23% of 125 = 0.2875=0.29