Question

Nalinitai sold 100 shares at MV ₹50 after paying 0.4% brokerage at the sale stage. What is the total selling price of the 100 shares?

Options

• ₹ 498

• ₹ 5000

• ₹ 4960

• ₹ 4980

Answer 1

\[ \text{Brokerage per share} = \frac{0.4}{100} \times 50 = \text{₹ } 0.20 \] \[ \text{Selling price per share} = 50 - 0.20 = \text{₹ } 49.80 \] \[ \text{Selling price of 100 shares} = 100 \times 49.80 = \text{₹ } 4980 \]