Satish purchased 100 shares of MV Rupees 160. He paid brokerage at the – InterviewSolution

InterviewSolution

1.	Satish purchased 100 shares of MV Rupees 160. He paid brokerage at the rate of 0.3%. Find the amount he paidfor the purchase of shares.
Answer» Correct Answer - Satish paid Rupees 16.048 for the purchase of shares. The brokerage =MV `xx` rate of brokerage `=Rupees 160 xx(0.3)/( 100) = Rupees 160 xx ( 3)/(1000) = Rupees 0.48` `:.` purchase price per share `=` MV +brokerage `= Rupees 160 + Rupees 0.48 = Rupees 160.48 ` `:. ` purchase price for100 shares `= Rupees 160.48 xx 100` `= Rupees 16048`

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