Question

A Share is sold for the market value
OF Æ 10oo.brokerag
is paid at the rate of 0.1/.what is the amount recieved after the sale ?​

Answer 1

Step-by-step explanation:

Market value of the share = Rs 1,000

Brokerage = 0.1% of Rs 1,000 =

0.1100×1000

= Rs 1

∴ Selling price of the share = MV − Brokerage = Rs 1,000 − Rs 1 = Rs 999

Thus, the amount received after the sale is Rs 999.

Answer 2

Answer:

Market value of the share=Rs 1,000

Brokerage=0.1% of Rs 1,000=

0.1%/100×1,000=Rs 1

therefore selling price of the share=MV-Brokerage=Rs 1,000-Rs 1=Rs 999.

Thus the amount received after the sale is

Rs 999.

Step-by-step explanation:

Hope this helps you in good spirits!