Question

Nitin sold 200 shores at market of Rs. 250 each
with brokerage 0.3%. Then the amount he
got
from his deal is Rs. ?​

Answer 1

Answer:

⇒ Nitin got Rs 49,850 in this transaction

Step-by-step explanation:

★ Appropriate Question :

Nitin sold 200 shares at market of Rs. 250 each with brokerage 0.3%. Then the amount he got from this deal is Rs. ?

Given :

Nitin sold shares = 200

MV = Rs. 250

Brokerage rate = 0.3%

Solution :

Calculate the amount he got from this deal or transection :

★ Amount received on 1 share = MV of 1 Share - Brokerage

⇒ 250 - ( 0.3 / 100 × MV)

⇒ $250 - ( \frac{0.3}{100} \times \: MV)$

⇒ 250 - 0.75

⇒ 249.25

Amount received on 1 share = 249.25

Total amount received = Amount received on 1 share × No. of shares

⇒ 249.25 × 200

⇒ 49,850

Total amount received = Rs 49,850

Therefore,

Nitin got Rs 49,850 in this transaction