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Question
If the face value of the share is Rs.100 and market value is Rs.150. if Rate brokerage is 0.5%. The selling price of 1 share is ______.
Options
Rs. 149.25
Rs. 99.5
Rs. 150.75
Rs. 100.5
MCQ
Fill in the Blanks
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Solution
If the face value of the share is Rs.100 and market value is Rs.150. if Rate brokerage is 0.5%. The selling price of 1 share is Rs. 149.25.
Explanation:
Brokerage = 0.5% of market value
= 0.005 × 150
= Rs. 0.75
Selling price = Market value – Brokerage
= 150 − 0.75
= Rs. 149.25
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