Discussion of Question with ID = 082 under Stocks-and-Shares

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How many shares of market value of Rs. 1800 per share can be purchased for Rs. 3337200, if the brokerage is 3%?

Rs. 1800.

Rs. 1810.

Rs. 1790.

Rs. 1820.

Soln.
Ans: a

Each share will cost 1800 + $(3 × 1800)/100$ = Rs. 1854. So total shares = 3337200/1854 = 1800.