find the purchase of price of a share of rupees 100 if it is at a premium of rupees 30 the rate of brokerages is 0.3 %
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FV = Face value = 100
Premium = 30
Rate of brokerage = 0.3%
MV = Market price = ?
( We have to find the purchase price of the share)
The brokerage is paid on the MV of the share.
MV = FV + Premium
MV = ₹ (100+30) = ₹130
The rate of brokerage is 0.3%
The brokerage on MV rupees 130
= ₹130 = ₹0.39
The purchase price of a share
= MV + Brokerage
= ₹ (130 + 0.39)
= ₹ 130.39
The purchase price of a share is ₹ 130.39 .
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