Question

Write your question here (Keep it simple and clear to get the best answer)what profit is made by selling 90 shares of rs 100 each bought at per value and sold at 10 premium brokerage being 2%?

Answer 1

Selling price = 110 (i.e. 10 more than par(100))

Purchase price = 100

Brokerage = 2%

No of shares = 90

Total sales = 90 x 110 = 9900

Less: 2% brokerage = 198 (9900*.02)

Less: purchase price = 9000 (90*100)

Profit = 702