Question

3. How many shares of market value Rs. 120 each, can be purchased for Rs. 60,180 with brokerage being 0.3%?

Answer 1

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Answer 2

Answer:

The number of shares purchased are $500$

Step-by-step explanation:

Given:

The market value of a share is $Rs.120$

Brokerage is $0.3$%

the Total amount paid is $Rs.60,180$

We need to find the number of shares.

The brokerage amount per share is $120*\frac{0.3}{100} =0.36$

Cost of a share including the brokerage is $120+0.36=120.36$

Number of shares purchased = Total amount paid / Cost of share including brokerage

So we get as

$n=\frac{60,180}{120.36} \\\\n=500$