Question

Ritesh bought 100 shares for rs.12,024 and paid 0.2% brokerage. Find the cost of one share

Answer 1

Answer:

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Hence cost of one share is ₹100..

100=100

Answer 2

The cost of one share would be 120 Rs.

Step-by-step explanation:

Let the cost of 100 share = S

So the equation will be

S +(0.2% of S) = 12,024

$S+(\frac{0.2}{100}\times S)=12,024$

S + 0.002S = 12,024

1.002S = 12,024

S = $\frac{12,024}{1.002}$

S = 12,000

Since the cost of 100 shares = 12,000

Therefore, cost of one share = $\frac{12000}{100}$

                                                = 120 Rs.

The cost of one share would be 120 Rs.

Learn more about profit on shares : https://brainly.in/question/14987783