Answer:
SOLUTION
Market value of the share = Rs 200
Brokerage = 0.3% of Rs 200
= 0.03 = 200
100
∴ 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
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Verified answer
Answer:
SOLUTION
Market value of the share = Rs 200
Brokerage = 0.3% of Rs 200
= 0.03 = 200
100
∴ 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