Question

What amount is received by selling 150 shares of FV Rs 100 at a premium of Rs 20? Brokerage is paid at the rate of 0.3%

Answer 1

Answer:

the amount received after selling 150 shares is 17946 Rs.

Answer 2

Answer:

Step-by-step explanation:

Given :

No. Of shares = 150

FV = 100

Premium = 20

Brokerage = 0.3%

Now ,

MV = FV + premium

= 100 + 20

MV = 120

Now ,

Amount of brokerage = 0.3% of FV

= 0.3/100 *100

Amount of brokerage = 0.3

Now ,

Amount received = no. of shares +

(MV- brokerage)

= 150+ (120-0.3)

= 150 + 19.7

= 169.7

Therefore , amount received by selling 150 shares is Rs. 169.70