Discussion
Find the number of shares that can be bought for Rs.8200 if the market value is Rs.20 each with brokerage being 2.5%.
Answer: C
Brokerage is added to the market price when buying.
\[ \text{cost per share} = 20 + 2.5\% \text{ of } 20 = 20 + 0.50 = \text{Rs. } 20.50 \]
\[ n = \frac{8200}{20.50} = 400 \]
Ignoring the brokerage would give 410 - exactly the adjacent option.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development