A share is purchased at a rate of 23.60 and sold at a rate of 36.40. If brokerage at the time of buy

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09 Aug 2021 share

A share is purchased at a rate of 23.60 and sold at a rate of 36.40. If brokerage at the time of buy and sell is 50 paisa per 100 rupee, then net profit will be. (excluding any other government charges)

OPtion

1) 12.80
2) 12.30
3) 12.40
4) 12.90
5) 12.50
6) 11.90
7) 11.50
8) 11.80
9) 12.60
10) none of these

Solution

for23.60 rs brokerage=11.8paisa
and 36.40 rs brokerage=18.2paisa
so total brokerage=30paisa
total profit=12.80
net profit=total profit-total brokerage
12.50=12.80-12.30
so ans is 12.50

Correct Option: 5 Best Solution (2)