Question

mr. prabhu invested 775375/- to purchase equity shares of a company at market price of 7250/- through brokerage firm, charging 0.5% brokerage. the face value of a share is 710. how many shares did Mr. prabhu purchase​

Answer 1

Given :  mr. prabhu invested 775375/- to purchase equity shares of a company at market price of 7250/- through brokerage firm, charging 0.5% brokerage.

To find :  how many shares did Mr. prabhu purchase​

Solution:

Market price (MV) of share = Rs 7250

Brokerage charges = 0.5 %  =  (0.5/100) 7250 =  Rs 36.25

Effective price of one share = 7250 + 36.25  = 7286.25 Rs

Amount invested =  Rs 775375

Number of shares bought =  775375 / 7286.25

= 106.17

106 shares  Mr. prabhu purchase​

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