Question 12 Marks
A share is sold for the market value of ₹ 2,000. Brokerage is paid at the rate of 0.5%. What is the amount received after the sale?
Answer
View full question & answer→Brokerage = $0.5\%$ of $2000 = \frac{0.5}{100} \times 2000 = 10$
Amount received = MV - Brokerage = $2000 - 10 = 1990$
Amount received = MV - Brokerage = $2000 - 10 = 1990$