Question

if the market value of share is rs 120, then how many shares can be purchased for rs 60180 with brokerage 0.3%.​

Answer 1

Step-by-step explanation:

MV=150

brokerage =0.3%

now,

Amount of Brokerage =0.3%of 150

=0.3

----------x 150

100

=04.5

Amount should one invest by 100 shares is 04.5

Answer 2

Answer:

The number of shares that can be bought are 500.

Step-by-step explanation:

Given :

Market value = Rs. 120

Rate of brokerage = 0.3 %

Amount including the Brokerage = Rs. 60180

To find :

The number of shares that can brought

Solution :

★ Cost of shares -

Let the cost of shares without brokerage be y

$\sf{\longrightarrow} \: y + (0.3 \% \: of \: y) = 60180 \\ \\ \sf{\longrightarrow} \: y + \frac{0.3}{100} \times y = 60180 \\ \\ \sf{\longrightarrow} \: y + \frac{0.3y}{100} = 60180 \\ \\ \sf{\longrightarrow} \: \frac{100y + 0.3y}{100} = 60180 \\ \\ \sf{\longrightarrow} \: \frac{100.3y}{100} = 60180 \\ \\ \sf{\longrightarrow} \: 100.3y = 60180 \times 100 \\ \\ \sf{\longrightarrow} \: y = \frac{6018000}{100.3} \\ \\ \sf{\longrightarrow} \: y = 60000$

Cost of shares without brokerage = Rs. 60,000

$\rule{300}{1}$

★ Number of shares -

As each share costs Rs. 120, divide the cost of all shares by the cost of each.

$\sf{\longrightarrow} \: \dfrac{60000}{120} \\ \\ \sf{\longrightarrow} \: 500$

Number of shares = 500

$\therefore$ The number of shares that can be bought are 500.