Rohit purchased 300 shares of face value Rs. 10 at Rs. 5 premium. He had
to pay 0.5% brokerage. How much total amount did he spend ?
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Answer:
4522.5
Explanation:
the total amount of purchase -15 ×300-4500
brokerage of the transection-4500×0.5 /100=22.5
total amt =amt of purchase and brokerage =4500+22.5=4522.5
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