Discussion of Question with ID = 062 under Stocks-and-Shares

This is the discussion forum for this question. If you find any mistakes in the solution, or if you have a better solution, then this is the right place to discuss. A healthy discussion helps all of us, so you are requested to be polite and soft, even if you disagree with the views of others. The question and its current solution has also been given on this page.

Advertisement

Question

How many shares of market value of Rs. 600 per share can be purchased for Rs. 370800, if the brokerage is 3%?

A

Rs. 600.

B

Rs. 610.

C

Rs. 590.

D

Rs. 620.

Soln.
Ans: a

Each share will cost 600 + $(3 × 600)/100$ = Rs. 618. So total shares = 370800/618 = 600.


Comments and Discussion