A person
sells 90
shares of a company at
a market price of 512
paying a brokerage of
1%. If his investment
45,000, and he
received no
no dividend,
his net return is
Q27
was
A) 1,540.8
B)) 1,080
C
C) 619.2
D) 45,619.2
Answers
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Given : A person sells 90 shares of a company at a market price of Rs. 512 paying a brokerage of 1%
his investment was Rs. 45,000
To Find : Net Return
A) 1,540.8
B) 1,080
C) 619.2
D) 45,619.2
Solution:
90 shares sold at price of Rs 512
=> 90 * 512 = Rs 46080
1% brokerage = (1/100) 46080 = Rs 460.8
Net = 46080 - 460.8 = Rs 45,619.2
Investment = Rs 45000
Return = 45,619.2 - 45000 = Rs 619.2
his net return = Rs 619.2
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