Q2 of 55 Page 109

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?

Given, MV = Rs. 1000


Brokerage rate = 0.1%


We know that the selling price for a share = MV – Brokerage rate


∴ Selling price for a share = 1000 – 0.1% of 1000


= 1000 – 1


= 999


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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.

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

 3

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

(B - buy S - sell)


 4

Smt. Desai sold shares of face value Rs. 100 when the market value was Rs. 50 and received Rs. 4988.20. She paid brokerage 0.2% and GST on brokerage 18%, then how many shares did she sell?