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 1

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 : Rs. 200.60

Solution :

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