Question

19. Atul received 91,632 after selling 400 shares of a company at a market
price of 230, at a certain brokerage. Find the rate of brokerage.​

Answer 1

Answer:

19. Atul received 91,632 after selling 400 shares of a company at a market

price of 230, at a certain brokerage. Find the rate of brokerage.

Step-by-step explanation:

-(91633, 400)

Answer 2

Given: As atul has received Rs.91632 after selling 400 shares of a company at a market price of Rs. 320 at a certain brokerage.

• Total selling price (T. S. P.) = Rs. 91632
• Number of shares = 400 shares
• Market Price (M.P.) = Rs. 230

To Find: Find the rate of brokerage?

Let the Rate of Brokerage be the x.

∴ Brokerage,

                       = $M. P.$ × $\frac{Rate -of-Brokerage}{100}$

                       = $230$ × $\frac{x}{100}$

 

Selling price (S.P.) = M.P. - Brokerage

                              = $230 - \frac{230x}{100}$

 

∴Total selling price (T. S. P.) = Number of shares × S.P.

                                  $91632 = 400(\frac{230 - 230x}{100})$

                                  $\frac{91632}{400} = (\frac{230 - 230x}{100})$

                                  $229.08 = 230 - \frac{230x}{100}$

                                  $- 0.92 = -\frac{230x}{100}$

                                    $0.92 = \frac{230x}{100}$

                                   $0.92$ × $100$ $= 230x$

                                       $x = \frac{92}{230}$

                                       $x = 0.4$

Hence the Rate Of Brokerage is 0.4%