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,
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹2,02,000
$\text{Cost of shares} = 1000 \times 200 = 200000$
$\text{Brokerage} = 1\% \text{ of } 200000 = 2000$
$\text{Total amount spent} = 200000 + 2000 = 202000$
The amount spent is ₹2,02,000.