Question:

Find the purchase price of a share of FV Rs. 100 if it is at premium of Rs. 30. The brokerage rate is 0.3%.

Answer:

Given
Face Value = Rs. 100
Premium = Rs. 30
Market value = (100 + 30) = Rs. 130
Rate of Brokerage = 0.3%
Brokerage =
Maharashtra Board Solutions for Class 10 Maths Part 1 Chapter 4 - Image 13
Brokerage =

Maharashtra Board Solutions for Class 10 Maths Part 1 Chapter 4 - Image 14

Purchase price = (130 + 0.39) = Rs. 130.39

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