Discussion Forum



1)

How many shares of market value Rs. 25 each can be purchased for Rs. 13000 brokerage being 2%?


A) 509.80

B) 500

C) 505

D) 502.50

E) 504

Answer:

Option A

Explanation:

Cost price of each share = 25 + 2% of 25= 25.50

No.of shares = (13000/25.50)= 509.80