Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A person bought 1000 shares of a company quoted at ₹200. If the brokerage is 1%, then the amount spent by the person on this purchase is,

Options:

₹2,20,000

₹2,00,000

₹2,02,000

₹2,00,200

Correct Answer:

₹2,02,000

Explanation:

The correct answer is Option (3) → ₹2,02,000