Question

Ginny got 400 shares for market price 180 per share the total amount she had to pay was 72360 find the rate of brokerage

Answer 1

Ginny got 400 shares for market price 180 per share :

total purchase price of the shares: 400*180=72000

price paid : 72 360

rate of brokerage : [(72360-72000)/72000]*100=0,5%