Find the number of shares that can be bought for Rs.8200 if the market value is Rs.20 each with brokerage being 2.5%.
Cost of each share = (20 + 2.5% of 20) = Rs.20.5
Therefore, number of shares = 8200/20.5 = 400
Find the number of shares that can be bought for Rs.8200 if the market value is Rs.20 each with brokerage being 2.5%.
Cost of each share = (20 + 2.5% of 20) = Rs.20.5
Therefore, number of shares = 8200/20.5 = 400
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