for share FV is 100 MV is 1750 and rate of brokerage is 0.3% then find the amount receiveble after selling 50 shares.
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Step-by-step explanation:
MV of the share. = FV of the.share + premium
= ₹100 + ₹30 = ₹130
Brokerage= 0.3 % of ₹130
= 0.3/100 *130 = ₹0.39
Therefore purchase price of the share
= MV of the share + brokerage
= ₹130 + ₹0.39 = ₹130.39
Thus the purchase price of the share is ₹130.39
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