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The following table 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…

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The following table 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
  1. 6,125
  2. 6,126
  3. 6,127
  4. 6,128

Answer and explanation

Correct answer: B - 6,126
Buying 1000 Britannia on Tuesday at buy price 3101 = Rs 31,01,000; selling on Thursday at sell price 3025 = Rs 30,25,000. Brokerage = 0.1% of (31,01,000 + 30,25,000) = 0.001 x 61,26,000 = Rs 6,126.

Practice for these exams

  • IPMAT Indore

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