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Q: How many shares of market value Rs 25 each can be purchased for Rs 12,500, brokerage being 2%?
A. 450    B. 500   
C. 550     D. 600

Answer and Explanation

Answer:500   

Explanation:
CP of each share = Rs (25 + 2% of 25) = Rs 25.50
Hence, Number of shares = (12750/25.50) = 500

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