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How many shares of market value Rs. 25 each can be purchased for Rs. 12750, brokerage being 2% ?

Correct answer: B. 500

  • A. 450
  • B. 500
  • C. 550
  • D. 600

Explanation

Each share costs Rs. 25, and 2% brokerage is Rs. 25 x 0.02 = Rs. 0.50, making the total cost per share Rs. 25.50. Number of shares = Rs. 12750 ÷ Rs. 25.50 = 500 shares. The likely trap is option a, 450 shares, which does not correctly apply the brokerage to the purchase price.

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