Question

Market value of a share is Rs 200. If the brokerage rate is 0.3% then find the purchase value of the share.

Answer 1

Market value of the share = Rs 200

Brokerage = 0.3% of Rs 200 = $\frac{0.3}{100}\times 200$ = Rs 0.6

∴ Purchase value of the share = MV + Brokerage = Rs 200 + Rs 0.6 = Rs 200.60

Thus, the purchase value of the share is Rs 200.60.