Q1 of 55 Page 109

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

Given, MV = Rs. 200


Brokerage rate = 0.3%


We know that purchase value of a share = MV + Brokerage


∴ Purchase value of a share = 200 + 0.3% of 200


= 200 + 0.6


= Rs. 200.6


More from this chapter

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5

Shri Shantilal has purchased 150 shares of FV Rs. 100, for MV of Rs. 120. Company has paid dividend at 7%. Find the rate of return on his investment.

 6

If the face value of both the shares is same, then which investment out of the following is more profitable?

Company A : dividend 16%, MV = Rs. 80, Company B : dividend 20%, MV = Rs. 120.

 2

A share is sold for the market value of Rs. 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?

 3

Fill in the blanks given in the contract note of sale-purchase of shares.

(B - buy S - sell)