Question

A share is sold for the market value of ₹ 2,000. A brokerage is paid at the rate of 0.5%. What is the amount received after the sale?

Answer 1

Here, market value = ₹ 2,000

Brokerage = 0.5%

Brokerage = 0.5% of M.V.

= `0.5/100 xx 2,000`

= 0.5 × 20

= ₹ 10

Amount received after the sale = Market Value − Brokerage

= 2,000 − 10

= ₹ 1,990

∴ The amount received after the sale is ₹ 1,990.