Question

Minerva sold 450 shares at a market price of Rs 520 pre share she had to pay brokerage of 0.8%. fund the amount she received​

Answer 1

Step-by-step explanation:

$(2)2(7)82$

Answer 2

Given,

The total number of shares sold$\[ = 450\]$

The cost of one share$\[ = 520\]$

The percentage of brokerage$\[ = 0.8\]$

Solution,

The total amount received by selling the shares

$\[\begin{array}{l} = 450 \times 520\\ = 234000\end{array}\]$

The amount deducted as a brokerage is

$\[\begin{array}{l} = 234000 \times \frac{{0.8}}{{100}}\\ = 2340 \times 0.8\\ = 1872\end{array}\]$

Therefore, the final amount received by Minerva

$\[\begin{array}{l} = 234000 - 1872\\ = 232128\end{array}\]$

Hence, the final amount received by Minerva is Rs$\[232128\]$.