Question

Lata sold 340 shares at MV of
Rs. 240 each. If she pays brokerage @ 0.3% then the
net amount received by her will be​

Answer 1

Answer:

215 rs she will get in return thanks

Answer 2

Find the amount received by Lata for the given share price and brokerage rate.

Explanation:

• Given the number of shares 'n' where $n=340$ and market value of share be 'p' where $p=240$.  
• Then the total amount earned from shares is given by, $A=np$
• Let the rate of brokerage commission be 'r' than the amount to be paid is given by , $A'=\frac{r}{100} A$  
• Hence, the total amount received will be, $A-A'$  
• Here, we have total amount earned from shares as, $A=np=340(240)\ \ \ \ \ \ \ \ \ \ \ \ \ \ ->A=Rs.\ 81,600$
• Here, we have the brokerage rate of $0.3\%$ hence we get commission amount payable as, $A'=\frac{0.3}{100}(340(240))\ \ \ \ \ \ \ \ \ ->A'=Rs.\ 244.8$  
• Hence, the net amount received by Lata is $Rs.\ (81600-244.8)\ \ \ \ \ \ \ \ \ \ \ \ \ \ -> Rs.\ 81,355.2$