Question

Sachin bought 120 shares at market value of rs375 each and brokerage 0.4%. calculate the sum he paid for the transaction.​

Answer 1

Answer:

Sachin pays Rs. 45,180 in the whole transaction.

Step-by-step explanation:

Given :

Bought = 120 shares at Rs. 375

Rate = 0.4 %

To find :

The sum he paid for transaction

Solution :

★ Cost paid for shares (Brokerage not included) -

⇒ 120 × 375

⇒ 45,000

$\rule{300}{1}$

★ Brokerage levied -

⇒ 0.4 % of 45,000

⇒ 0.4/100 × 45,000

⇒ 18000/100

⇒ 180

Brokerage = Rs. 180

$\rule{300}{1}$

★ Sum paid for the transaction -

⇒ 45,000 + 180

⇒ 45,180

$\therefore$ Sachin pays Rs. 45,180 in the whole transaction.

Answer 2

Answer:

$\large{\underline{\boxed{\mathfrak\green{Sum \: paid \: for \: transaction = Rs.45,180 }}}}$

Given:-

• Sachin bought 120 shares at Rs.375 each.

• Brokerage paid = 0.4%

To find:-

• Sum of money paid for transaction = ?

Solution:-

Total price of shares = Number × Rate

$\dashrightarrow\sf Total \: price = 120 \times 375 \\\\\dashrightarrow\sf Total \: price = Rs.45,000$

Now brokerage cost:-

$\dashrightarrow\sf Brokerage \: cost = 0.4\% \: of \: Total \: price \\\\\dashrightarrow\sf Brokerage \: cost = 0.4\% \times 45000 \\\\\dashrightarrow\sf Brokerage \: cost = \dfrac{4}{10 \times 100} \times 45000 \\\\\dashrightarrow\large\sf{Brokerage \: cost = Rs.180}$

$\rule{100}{1}$

Now,total sum of money paid for transaction:-

$\dashrightarrow\sf Sum \: paid = Total \: price + Brokerage \: price \\\\\dashrightarrow\sf Sum \: paid = Rs.(45,000 + 180) \\\\\dashrightarrow\large{\underline{\boxed{\sf\green{Sum \: paid = Rs.45,180 }}}}$

$\therefore{\underline{\text{Sum \: paid \: for \: transaction = Rs.45,180 }}}$