Question

Aliya bought 20 shares of Rs 50 at Rs 4 above par. Find the amount she invested, brokerage being 2 % .

Answer 1

MV of 1 Share = 50+4 =54 Rs.
M.I = NOS × MV of 1 Share
= 20×54
= 1080 Rs.
Brokerage = 2× 1080/100
= 20.80 Rs.
so,Total Money Invested =1080+20.80
=1180.80 Rs.

Answer 2

MV of 1 share is 50+4=54
investment =54*20=1080
brokerage=2%*1080=21.6
thus tot money invested =1080+21.6=1101.6rs
hope it helps!!!