Stocks and Shares Practice Test 2

Question : 27 of 36

Marks: +1, -0

Mrs Punam received Rs 2,86,848 after selling shares of a company at the market price of Rs 720 through Sharekhan Ltd, with the brokerage of 0.4%. Find the number of shares she sold.

Validate

Solution:

Brokerage per share

= 720 × 0.4 /100=2.88

Selling price of share = 720 - 2.88 = 717.12
Number of shares sold

={ 2,86,848 }/717.12=400

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