mr. prabhu invested 775375/- to purchase equity shares of a company at market price of 7250/- through brokerage firm, charging 0.5% brokerag

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mr. prabhu invested 775375/- to purchase equity shares of a company at market price of 7250/- through brokerage firm, charging 0.5% brokerage. the face value of a share is 710. how many shares did Mr. prabhu purchase​

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Harper 2 months 2021-09-25T07:34:05+00:00 2 Answers 0 views 0

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    2021-09-25T07:35:11+00:00

    Answer:

    1777776229998277373737

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    2021-09-25T07:35:13+00:00

    Given :  mr. prabhu invested 775375/- to purchase equity shares of a company at market price of 7250/- through brokerage firm, charging 0.5% brokerage.

    To find :  how many shares did Mr. prabhu purchase​

    Solution:

    Market price (MV) of share = Rs 7250

    Brokerage charges = 0.5 %  =  (0.5/100) 7250 =  Rs 36.25

    Effective price of one share = 7250 + 36.25  = 7286.25 Rs

    Amount invested =  Rs 775375

    Number of shares bought =  775375 / 7286.25

    = 106.17

    106 shares  Mr. prabhu purchase​

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