161:24 il k MBrokerogeO BrokeregePurchase (+)Sell (-)= 250 XOSp = 7125Purchae cort pthee = 2So+125 = 7 251.25No d ha75375251.25 300 theO Brokeroge720 x042 -Sallig Pice pn thoe =720 - 288 = 717No ot Ahey420272717.12Published on Mar 20, 20201)Mr. Shah invested Rs. 75,375 to purchase equityshares of a company at market price of Rs. 250through a brokerage firm, charging 0.5% brokerage.The face value of a share is Rs. 10. How manyshares did he purchase ?2) Mr. Nene received Rs. 4,30,272 after sellingshares of a company at market price of Rs. 720,through Sharekhan Ltd., with brokerage @ 0.4%. Theface value of the share is Rs. 10. Find the number ofshares he sold.3)Aniket invested Rs. 61,357.5 in equity shares ofRs. 100 each at a market price of Rs. 135 per share.Later he sold these shares at a market price ofRs. 160 per share. He paid 1% brokerage on eachtransaction. Find his net gain and also the percentgain.Source : BUSINESS MATHEMATICS - MANAN

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1)Mr. Shah invested Rs. 75,375 to purchase equity shares of a company at market price of Rs. 250 through a brokerage firm, charging 0.5% brokerage. The face value of a share is Rs. 10. How many shares did he purchase ?

1)Mr. Shah invested Rs. 75,375 to purchase equity shares of a company at market price of Rs. 250 through a brokerage firm, charging 0.5% brokerage. The face value of a share is Rs. 10. How many shares did he purchase ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

16
1:24 il k M
Brokeroge
O Brokerege
Purchase (+)
Sell (-)
= 250 XOSp = 7125
Purchae cort pthee = 2So+125 = 7 251.25
No d ha
75375
251.25 300 the
O Brokeroge
720 x042 -
Sallig Pice pn thoe =
720 - 288 = 717
No ot Ahey
420272
717.12
Published on Mar 20, 2020
1)Mr. Shah invested Rs. 75,375 to purchase equity
shares of a company at market price of Rs. 250
through a brokerage firm, charging 0.5% brokerage.
The face value of a share is Rs. 10. How many
shares did he purchase ?
2) Mr. Nene received Rs. 4,30,272 after selling
shares of a company at market price of Rs. 720,
through Sharekhan Ltd., with brokerage @ 0.4%. The
face value of the share is Rs. 10. Find the number of
shares he sold.
3)Aniket invested Rs. 61,357.5 in equity shares of
Rs. 100 each at a market price of Rs. 135 per share.
Later he sold these shares at a market price of
Rs. 160 per share. He paid 1% brokerage on each
transaction. Find his net gain and also the percent
gain.
Source : BUSINESS MATHEMATICS - MANAN

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