Stocks and Shares Practice Test 2

Question : 29 of 36

Marks: +1, -0

How many shares of market value Rs. 25 each can be purchased for Rs. 12750, brokerage being 2%?

Solution:

Cost of each share =

25 +2/100 × 25

= Rs. 25.50
Hence, number of shares

= 12750/25.50 = 500

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