Question

A share is sold for the market value of Rs. 2,000/- Brokerage is paid at the rate of 0.4%. what is the amount received after the sale ? (Show answer with proper steps)​

Answer 1

Answer:

I think you are ans 1992/-

Answer 2

Answer:

Market value = ₹ 2,000

Brokerage = 2,000 x 0.4% = ₹ 8

Note-1 : Brokerage is calculated in transaction value.

Note-2 : Brokerage paid at the time of sale is deducted from selling price.

Amount Received = ₹ 2,000 - ₹ 8 = ₹ 1,992