A person bought 750 shares of a company quoted at ₹320. The amount spent by him on his purchase, if the brokerage be 2.5% is :

₹2,46,000

The correct answer is Option (2) → ₹2,46,000

Number of shares = 750

Price per share = Rs 320

Brokerage = 2.5%

Total cost before brokerage = $750 × 320=2,40,000$

Brokerage = $\frac{2.5}{100}×2,40,000=6,000$

Total cost = $(2,40,000+6,000)$

$=₹2,46,000$