Question

The market price of a share is 150. The rate of brokerage is 0.3%. What amount should one invest to buy 100 shares

Answer 1

One should invest 15045 to buy 100 shares

Step-by-step explanation:

We have given market price of a share = 150

Rate of brokerage = 0.3 %

So amount of brokerage on one share = 0.003×150 = 0.45

So to buy one share one should invest = 150+0.45 = 150.45

So to buy 100 shares one should invest amount of 100×150.45 = 15045

So one should invest 15045 to buy 100 shares

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