Stocks and Shares Practice Test 2

Question : 25 of 36

Marks: +1, -0

Raghav invested Rs 83,415 to purchase equity shares of a company at the marked price of Rs 250 through a brokerage firm, charging 0.5% brokerage. The face value of the share is Rs 10. How many shares did Mr Raghav purchase?

Validate

Solution:

Brokerage per share

=250×0.5/100=1.25

∴ Cost of purchasing one share = 250 + 1.25 = 251.25
∴ Number of shares purchased

=83415/251.25=332

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