Question

____no. of 10 shares are purchased at 22.50, after investing 4,545 and paying a brokerage of
1%.
a 200
b 150
c 300​

Answer 1

Answer:

200 is the right answer

Step-by-step explanation:

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Answer 2

a. 200 no. of 10 shares are purchased at 22.50, after investing 4,545 and paying a brokerage of 1%.

Given:

Investment = 4545

Rate = 22.50

Brokerage = 1%

To find:

No. of shares = ?

Solution:

Investment except brokerage = Total investment - Brokerage

4545 - 1% of 4545

4545 - 45.45

4499.55

Investment on shares = 4499.55 approximately 4500.

Rate = 22.5

Formula to be used:

No of shares × rate = investment

No. of shares = $\frac{investment}{rate}$

No. of shares = $\frac{4500}{22.5}$

No. of shares = 200.

Therefore, 200 no. of 10 shares are purchased at 22.50, after investing 4,545 and paying a brokerage of 1%.