Stock and shares - Quantitative Aptitude (MCQ) questions for Q. 733

Q.  Find the number of shares that can be bought for Rs.8200 if the market value is Rs.20 each with brokerage being 2.5%.
- Published on 06 Jul 15

a. 450
b. 500
c. 400
d. 410

ANSWER: 400
 

Cost of each share = (20 + 2.5% of 20) = Rs.20.5
Therefore, number of shares = 8200/20.5 = 400

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