A share is sold for the market value of Rs. 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?


Given, MV = Rs. 1000
Brokerage rate = 0.1%
We know that the selling price for a share = MV – Brokerage rate
∴ Selling price for a share = 1000 – 0.1% of 1000
= 1000 – 1
= 999

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