Question

the market price of share is Rs. 200 and rate of brokerage is.0.3 percentage find the cost of one such share

Answer 1

Answer:

Rs 260

Step-by-step explanation:

The formula is :

Price of the share = price per share + brokerage fee

Brokerage fee :

0.3 × 200 = 60

The total cost of the share is thus :

200 + 60 = 260

Rs 260

Answer 2

The answer is Rs 200.60

Step by step answer : Market Value (MV) of share =Rs 200

Rate of brokerage=0.3%

Amount of brokerage=0.3%of MV

=0.3÷100×200

=Rs 0.60

Actual cost of share=MV+amount of.

brokerage

=Rs 200+0.60

=Rs 200.60