Question

Q.18 If the brokerage rate is 0.3% and the M.V is 400 Rs, find the purchase value of the final
share if the discount on the share is 50 Rs.
i) 350 Rs ii) 351.05 Rs ii) 450 Rs iv) None of these
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Answer 1

Step-by-step explanation:

Market value of the share= Rs 200

Brokerage= 0.3% of Rs 200 =0.3/100 ×200

Therefore,

purchase value of the share=M.V+ Brokerage

=Rs(200+0.6)=Rs200. 60

Thus the purchase value of the shareis Rs 200.60