market value of a share is rs 200 . if the brokerage rate is 0.3% , then find the purchase value of the share
Answers
≡QUESTION≡
Market value of the share is rupees 200. If the brokerage rate is 0.3 %, then find the Purchase value of the share?
║⊕ANSWER⊕║
GIVEN
Market Value (MV) = Rs. 200
Brokerage = 0.3 %
Brokerage per share = Rate of Brokerage × MV
= 0.3/100 × 200
= 0.3 × 2
= Rs. 0.60
Now,
Purchase value of the share = MV + Brokerage
= Rs. ( 200 + 0.60 )
= Rs. 200.60
Hence,
Purchase value of the share is Rs. 200.60
Answer:
Step-by-step explanation:
GIVEN
Market Value (MV) = Rs. 200
Brokerage = 0.3 %
Brokerage per share = Rate of Brokerage × MV
= 0.3/100 × 200
= 0.3 × 2
= Rs. 0.60
Now,
Purchase value of the share = MV + Brokerage
= Rs. ( 200 + 0.60 )
= Rs. 200.60
Hence,
Purchase value of the share is Rs. 200.60