Question:

Market value of a share is Rs. 200. If the brokerage rate is 0.3% then find the purchase value of the share.

Answer:

Given, MV = Rs. 200
Brokerage rate = 0.3%
We know that purchase value of a share = MV + Brokerage
∴ Purchase value of a share = 200 + 0.3% of 200
= 200 + 0.3/100 × 200
= 200 + 0.60
= Rs. 200.60

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Market value of a share is Rs. 200. If the brokerage rate is 0.3% then find the purchase value of the share.

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