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,

₹2,02,000

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.