Question

Nalinitai invested ₹6024 in shares of FV ₹10 when the Market Value was ₹60, paying 0.4% brokerage at purchase. What is the brokerage per share?

Options

• ₹ 2.40

• ₹ 0.24

• ₹ 0.40

• ₹ 6.00

Answer 1

\[ \text{Brokerage per share} = \frac{0.4}{100} \times 60 = \text{₹ } 0.24 \] Brokerage is calculated on Market Value ₹60, giving ₹0.24 per share, so the cost of one share is \[ 60 + 0.24 = \text{₹ } 60.24 \]