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If a client buys shares worth Rs 90,000 and sells shares worth Rs 1,10,000 through a stock broker calculate the brokerage payable to the stock broker if the brokerage rate is 0.5% each side. |
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Answer» Brokerage is \(\frac{0.5}{100}\)× (1,10,000 – 90,000) = \(\frac{0.5}{100}\) × 20,000 = Rs 100 |
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