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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
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B
₹22050
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C
₹22750
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D
₹21500
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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

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