IPMAT Question Paper 2020 | IPM Indore Quants

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Question 29 : 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

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Explanatory Answer

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

Total amount spent = 1000 × 3101 = Rs. 31,01,000
0.1% of amount spent = Rs. 3,101

Total amount earned by selling the stock = 1000 × 3025 = Rs. 30,25,000
0.1% of amount earned = Rs. 3025

Total brokerage fee = 3101 + 3025 = Rs. 6,126

The answer is 6,126

Choice B is the correct answer.

 

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