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A share is sold for the market value of ...

A share is sold for the market value of 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?

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To solve the problem step by step, we will follow these calculations: ### Step 1: Identify the market value of the share The market value of the share is given as ₹1000. ### Step 2: Calculate the brokerage amount The brokerage is paid at the rate of 0.1%. To find the brokerage amount, we will calculate 0.1% of the market value. \[ \text{Brokerage} = \frac{0.1}{100} \times 1000 \] ### Step 3: Perform the calculation Calculating the brokerage: \[ \text{Brokerage} = 0.001 \times 1000 = ₹1 \] ### Step 4: Calculate the amount received after the sale To find the amount received after the sale, we subtract the brokerage from the market value. \[ \text{Amount received} = \text{Market value} - \text{Brokerage} \] \[ \text{Amount received} = 1000 - 1 = ₹999 \] ### Final Answer The amount received after the sale is ₹999. ---
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