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.
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
Buying price on Tuesday for Britannia = 3101 Rs
Total stocks bought = 1000
Total value of stocks = 1000 * 3101 = 3101000 Rs
Brokerage fee for buying = 3101000 * 0.1/100 = 3101 Rs
Selling price of Thursday for Britannia = 3025 Rs
Total stocks sold = 1000
Total value of stocks = 1000 * 3025 = 3025000 Rs
Brokerage fee for selling = 3025000 * 0.1/100 = 3025 Rs
Total brokerage fees = 3101 + 3025 = 6126 Rs
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