Question

A person received Rs. 107784 1 point
after selling shares of a
company at a market price of
Rs. 540, at 0.2% brokerage.
Find the no. of shares he sold.
*
O 200
O 250
O 280
O 300​

Answer 1

ANSWER:

Answer is B

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Answer 2

Answer:

a) He had 200 shares with him which he sold.

Step-by-step explanation:

Let x be the number of shares the person sold.

Given that, he received Rs. 1,07,784 after removing 0.2% brokerage charge.

Also it is given that the shares were sold at a price of Rs. 540.

Then, the total amount= 540*x

Brokerage amount=0.2% of total amount

⇒Brokerage amount= $\frac{0.2}{100}$ *540x

⇒Brokerage amount= 0.002*540x

Therefore,

Received amount= Total amount-Brokerage amount

107784=540x - 0.002*540x

⇒540x(1-0.002)=107784

⇒x*0.998= $\frac{107784}{540}$

⇒x*0.998= 199.6

⇒x=$\frac{199.6}{0.998}$

⇒x=200