Mr. Mahajan purchased 40 shares of FV ₹100 and MV ₹45. He paid 2 percent brokerage. Find the total amount he spent.
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Answered by
35
Total amount spent by Mr. Mahajan is ₹1836.
Step-by-step explanation:
Given data:
No. of shares = 40
Face value = ₹ 100
Market value = ₹ 45
Brokerage paid = 2%
Solution:
Amount spent = number of shares x market value
= 40 x 45 = 1800
He paid 2 % brokerage so
= 2 / 100 x 1800
= 3600/100 = 36 Rs
He paid 36 Rs for brokerage.
Now
Total amount = Amount spent + Brokerage
= 1800 + 36 = 1836 ₹
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