sampatrao invested ₹12525 in shares of FV ₹10 when MV ₹125 he paid 0.2% brokerage .how many shares did he buy ?
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Answered by
17
Answer:
Step-by-step explanation:
Brokerage=rate of brokerage/100×market value=0.25
Cost of 1 share =market value + brokerage
= 125 + 0.25= 125.25
No of shares = amount invested / cost of 1 share
=12525/125.25
= 12525× 100/12525
= 100
No.of shares purchased is 100
Answered by
2
Step-by-step explanation:
Brokerage per share = 0.2 / 100 × 125 = ₹ 0.25
Cost of one share = ₹ 125 + ₹ 0.25 = ₹ 125.25
Number of shares bought = Investment / cost of 1 share
= ₹ 12525 / ₹ 125.25 = 100
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