Veena buys 100 shares of Karnataka bank at Rs 101 per share. She pays

1.	Veena buys 100 shares of Karnataka bank at Rs 101 per share. She pays Rs 10,130.3 to her broker. What is the total brokerage she paid and calculate the percentage rate of brokerage.
Answer» Selling price of 100 shares at 101 = 10,100 Amount paid is 10130.3 Brokerage is 10130.3 – 10,100 = 30.3 100 x 30.3 Rate of brokerage is \(\frac{100\times30.3}{10,100}\) = 0.3%

Veena buys 100 shares of Karnataka bank at Rs 101 per share. She pays Rs 10,130.3 to her broker. What is the total brokerage she paid and calculate the percentage rate of brokerage.

Answer»

Selling price of 100 shares at 101 = 10,100

Amount paid is 10130.3

Brokerage is 10130.3 – 10,100 = 30.3

100 x 30.3 Rate of brokerage is \(\frac{100\times30.3}{10,100}\) = 0.3%