Question

Find the purchase price of a share of FV ₹100 if it is at premium of ₹ 30.The brokerage rate is 0.3%

Answer 1

MV = 100+30=130
brokerage=130*0.3%=0.39
purchase value of per share=MV +brokerage=130+0.39=₹130.39
it is help u

Answer 2

Here is the answer

Solution -

The brokerage is paid on the MV of the share

MV = FV + Premium

= Rs ( 100 + 30 )

= Rs 130.

Rate of Brokerage is 0.3%

Brokerage on MV is Rs. 130

=
$\bf{130 \times \frac{0.3}{100} = 0.39}$
Now,

Purchase price of share = MV + Brokerage

= Rs. ( 130 + 0.39 )

= Rs. 130.39

Final Answer
=> Purchase price of a share is Rs. 130.39.

Thanks!!