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IPMAT Indore 2020 PYQsMultiple Choice (Quants). Free, no login required.

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.

DayMondayTuesdayWednesdayThursdayFriday
QuoteSellBuySellBuySellBuySellBuySellBuy
Dabur460462455458432433444447461462
Marico345346335336365368372375372374
HUL1931193319521955197919812044204819661969
ITC237238238239246251221225253256
Britannia3044304631003101311031153025302731403144

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

Solution

✅ Correct Option: 2

For buying on Tuesday:

Value of shares bought = 1000×3101=31010001000 \times 3101 = 3101000

Brokerage fee for buying = 3101000×0.1%=31013101000 \times 0.1\% = 3101

For selling on Thursday:

Value of shares sold = 1000×3025=30250001000 \times 3025 = 3025000

Brokerage fee for selling = 3025000×0.1%=30253025000 \times 0.1\% = 3025

Total brokerage fee = 3101+3025=61263101 + 3025 = 6126

Therefore, the total brokerage fee that will be charged from the investor is Rs 61266126.

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