qustion A 10rs face value share of a company is quated at rs 40 in the market. how much dose mohan pay to purchase 600 shares of this company,if the brokerage 17℅
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Solution :-
Market price of 1 share = Rs. 40
Number of share Mohan wants to purchase = 600
Total market value of 600 shares = 40*600
= Rs. 24000
Brokerage = 17 %
Total money to be paid by Mohan including brokerage
= 24000 + (24000*17)/100
⇒ 24000 + 4080
= Rs. 28080
So, Mohan will pay Rs. 28080 (including 17 % brokerage) to purchase 600 shares.
Answer.
Market price of 1 share = Rs. 40
Number of share Mohan wants to purchase = 600
Total market value of 600 shares = 40*600
= Rs. 24000
Brokerage = 17 %
Total money to be paid by Mohan including brokerage
= 24000 + (24000*17)/100
⇒ 24000 + 4080
= Rs. 28080
So, Mohan will pay Rs. 28080 (including 17 % brokerage) to purchase 600 shares.
Answer.
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