Question

2) Sumatai invested ₹ 6024 in the shares of FV ₹ 10 when the market value
was ₹ 60. She sold all the shares at MV of ₹ 50. She paid 0.4% brokerage
at each stage of transcations. To find the no. of shares purchased and selling
price of all shares complete the following activity.
FV = ₹ 10, MV=₹ 60, Brokerage per share while purcha=0.4/100x60=₹(.....)
:. Cost of one share = 60+ 0.24 = ₹ (.....)
.. No of shares purchased = 6024/60.24 = (...)
Shares sold: FV ₹ 50, Brokerageper share = 4.0/100x50= ₹ 0.20
Selling price of all shares = 100 X 49.80 = ₹ (.....)​

Answer 1

Answer:

Hope this helps u.........