Question

Molly sold 220 shares at 0.5% brokerage. She received * 76,615 in
transaction. Find the market price of each share.​

Answer 1

Answer:

5,500

Explanation:

please mark me as branliest pleazzzzzzzzz and follow me. and thanks my answer pleasezzzzzzzzzz.

Answer 2

The Market price of each share is ₹350.

Explanation:

Given: Molly sold 220 shares at 0.5% brokerage.

            She received  ₹76,615 in a transaction.

Find:  Market price of each share.

Solution:

• Every time while buying purchasing the shares customer needs to pay brokerage and transaction tax and that will get added while purchasing the share and get deducted from revenue while selling the shares.
• Molly sold 220 shares at 0.5% brokerage.

        She received  ₹76,615 in a transaction.

• So, ₹76615 represents the 99.5% of the value of shares sold.
• Then, 100% of it will be 76615*100/99.5 = ₹77000
• The total number of shares purchased is 220.
• The market price of each share will be ₹77000/220 shares = ₹350