Aditi decides to buy 300 shares at market value of ₹ 50 per share, with the brokerage as 0.5%. Calculate
the sum he will need for the pay up.
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Answer:
No. Of shares - 300
Market value - 50
Brokerage rate - 0.5%
Ans:-
Brokerage per share=mv *rate of brokerage
= 50*0.5/100
= 0.25
Purchase price of 1 share = mv + brokerage
= 50 + 0.25
= 50.25
Total investment = pp of 1 share * no of shares
= 50.25 *300 = ₹15,075
Step-by-step explanation:
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