Question

Question 3 of 50
Find the number of shares that can be bought for Rs. 8200 if the markt value is Rs. 20 each which brokerage being 2.5%.
an​

Answer 1

Step-by-step explanation:

Total investment = Rs. 8200

Now ,price per investment = Market value +Brokarage

=Rs .[20+(2.5/100)×20]

= Rs.20.5

Therefore ,No. of shares = Total Investment /Price per investment

= 8200/20.5

= 400

@hitman

Answer 2

Answer:

One can get 400 shares.

Step-by-step explanation:

Given

Invested amount = Rs. 8200

Market value = Rs. 20 each

Brokerage Rate = 2.5%

To find :

No. of shares in the given amount

Solution :

Cost of each shares Or

Investment in 1 share = Market value + Brokerage rate

⇒ 20 + 2.5 % of MV

⇒$\sf{20 \: + \dfrac{2.5}{100}}$

⇒ $\sf{20 \: + \: 0.5}$

⇒ 20.5

Investment in 1 share = 20.5

★ Total no. of shares :

Total no. of shares = $\sf{\frac{Total \: Investment}{Investment \: in \: 1 \: Share}}$

⇒ $\sf{\dfrac{8200}{20.5}}$

⇒$\sf{\dfrac{8200}{20.5} = 400}$

Therefore, one can get 400 shares.