Question

Rupali purchase a shares of market value Rs. 300. If the brokerage rate is 0.5%, then find the purchase value of the share by Rupali.

Answer 1

Given: Market value (MV) = Rs. 300; Brokerage rate = 0.5%.

Step-wise calculation:

1. Brokerage = `0.5/100 xx 300`

= 0.005 × 300 

= Rs. 1.50

2. Purchase value = MV + Brokerage

= 300 + 1.50

= Rs. 301.50

Rupali’s purchase value for the share = Rs. 301.50.