Question

Mr Rana sold 150 shares at Market value Rs 450 .if he paid 0.3 % brokerage finde the net amount received​

Answer 1

The net amount received will be 67297.5 Rs.

Step-by-step explanation:

According to the question

Shares sold by Mr Rana = 150

Market value of shares = 450 Rs.

He paid 0.3% brokerage.

We have to find the net amount received.

Value of 150 shares = 450 x 150

                                 = 67500 Rs.

Paid 0.3% brokerage:

$67500\times\frac{0.3}{100}$

$= \frac{20250}{100}$

= 202.5 Rs.

Net amount = 67500 - 202.5

                    = 67297.5 Rs.

Hence, the net amount received will be 67297.5 Rs.

Answer 2

Given:

Number of shares = 150

The market value of each share = 450

Brokerage = 0.3%

To find:

The net amount received

Calculation :

Value of 150 shares = Number of shares × market value of each share

                                  = 150 × 450

                                  = 67,500

Net amount = Total value of 150 share - brokerage

=> Net amount = 67,500 - (67,500 × 0.3/100)

=> Net amount = 67,500 - 202.5

=> Net amount = 67,297.5

The net amount received is Rs. 67,297.5