wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Kamal had 150 shares of FV ₹120 and MV ₹150. Let the rate charged by broker = 2%. How much total amount did he get in selling these shares?

A
₹18840
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
₹22050
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
₹22750
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
₹21500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B ₹22050
Brokerage charged per share = 2100×150 = ₹3
Selling price of 1 share =
MV - Brokerage = 150 - 3 = ₹147
Total amount he got by selling 150 shares = 150 ×147
= ₹22050

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sum invested , Rate of return , Brokerage and GST
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon