Question

rohit purchased 300 shares of face value Rs.10 at Rs.5 premium.he to pay 0.5%brokerage. how much total amont did he spend?

Answer 1

face value of shares = ₹10
premium=₹5
.°. market value= facevalue+ premium
= 10+5
= ₹15

total cost of shares = 300×15
= ₹4500

rate of brokerage= 0.5%

.°. amount of brokerage
= 0.5/100 × 4500
= ₹22.5
.°. purchase price=
market value+
brokerage
= 4500+22.5
= ₹4522.50


.°.he spent a total amount of ₹4522.50