Question

the market price of a share with face value Rs.100 is Rs. 130, how many shares

of the company can be bought for Rs. 3263, brokerage being 0.4%​

Answer 1

Answer:

12.63572955296639662912

Answer 2

The market price of a share is Rs. 130, the number of shares of the company that can be bought for Rs. 3263, brokerage being 0.4% is calculated below:

We need to obtain the division of Given Amount and Market Value of Share

= 3263 ÷ 130

= 25.1

So if we multiply 25 by 130 we get

25 x 130 = 3250

Now we multiply 0.1 by 130 and we get

0.1 x 130 = 13 which is also equal to the value of 0.4% of 3250

Adding both values

3250 + 13 = 3263

So for Rs. 3263, we can buy 25 shares costing Rs. 3250 and pay 0.4% brokerage Rs.13