IPMAT Indore 2020
DILR
Tabular Data
Medium
The table below presents the quoted buy and sell prices of five stocks during the five trading days of a given week. The quoted sell price is the price at which an investor can sell a stock in the market. The quoted buy price is the price at which an investor can buy a stock from the market. All the quoted numbers are in Indian Rupees.
| Day | Monday | Tuesday | Wednesday | Thursday | Friday | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Quote | Sell | Buy | Sell | Buy | Sell | Buy | Sell | Buy | Sell | Buy |
| Dabur | 460 | 462 | 455 | 458 | 432 | 433 | 444 | 447 | 461 | 462 |
| Marico | 345 | 346 | 335 | 336 | 365 | 368 | 372 | 375 | 372 | 374 |
| HUL | 1931 | 1933 | 1952 | 1955 | 1979 | 1981 | 2044 | 2048 | 1966 | 1969 |
| ITC | 237 | 238 | 238 | 239 | 246 | 251 | 221 | 225 | 253 | 256 |
| Britannia | 3044 | 3046 | 3100 | 3101 | 3110 | 3115 | 3025 | 3027 | 3140 | 3144 |
A brokerage firm charges 0.1 percent trading commission on the value of shares bought or sold through its trading platform. If an investor bought 1000 shares of Britannia on Tuesday, and sold all of them on Thursday, then the total brokerage fee that will be charged from the investor is
A brokerage firm charges 0.1 percent trading commission on the value of shares bought or sold through its trading platform. If an investor bought 1000 shares of Britannia on Tuesday, and sold all of them on Thursday, then the total brokerage fee that will be charged from the investor is
Correct Option: 2
For buying on Tuesday: Value of shares bought = Brokerage fee for buying = For selling on Thursday: Value of shares sold = Brokerage fee for selling = Total brokerage fee = Therefore, the total brokerage fee that will be charged from the investor is Rs .
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IPMAT Indore 2020