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How many-shares of market value RS.25 each can be purchased for Rs.12750, brokerage being 2% ?

Rs.450
Rs.500
Rs.550
Rs.600

Correct Answer: Rs.500

Explanation:

CP. of each share= Rs.(25 + 2% of 25) = Rs.25.50.

Number of shares= $\frac{12750}{25.50}$ = 500

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