Question

Mr Mahajan purchased 40 shares of FV 100rs and MV 45rs. He paid 2%
brokerage. Find the total amount he spent.


​

Answer 1

The total amount he spent = Rs. 1836

Step-by-step explanation:

Amount spent on the purchase of 40 shares = $45\times 40$                                                                             = Rs.1800

Brokeage = $1800\times \frac{2}{100}$

                = Rs. 36

Total Amount =Rs. (1800 + 36)

Hence,the total amount he spent = Rs. 1836

Answer 2

$\bf{\huge{\underline{\underline{\sf{AnsWer:}}}}}$

Total amount spent = ₹ 1,836.

$\bf{\large{\underline{\underline{\sf{StEp\:by\:stEp\:explanation:}}}}}$

GiVeN :

• No. of shares = 40
• Face value = ₹ 100
• Market value = ₹ 45
• Brokerage paid = 20%

To FiNd :

• Total amount he spent

SoLuTioN :

We first have to calculate the amount spend to buy 40 shares.

Let's begin! :D

$\hookrightarrow$ $\sf{Number\:of\:shares\:\times\:Market\:value}$

Block in the values,

$\hookrightarrow$ $\sf{40\:\times\:45}$

$\hookrightarrow$ $\sf{1800}$

$\sf{\therefore{Amount\:spent\:to\:purchase\:40\:shares\:at\:market\:value\:of\:Rs.45\: is \:Rs. 1800}}$

Now, he paid 20% brokerage too.

So, the total amount spent will be sum of brokerage paid and amount spent to buy 40 shares.

Calculating the brokerage :

$\hookrightarrow$ $\sf{\dfrac{2}{100}\:\times\:1800}$

$\hookrightarrow$ $\sf{\dfrac{3600}{100}}$

$\hookrightarrow$ $\sf{36}$

$\sf{\therefore{Brokerage\:paid\:is\:Rs.36}}$

Total amount spent :

$\hookrightarrow$ $\sf{Amount\:spent\:to\:purchase\:40\:shares\:+\:brokerage\:paid}$

$\hookrightarrow$ $\sf{1800\:+\:36}$

$\hookrightarrow$ $\sf{1836}$

•°• Total amount spent = ₹ 1,836