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1. Salim sells 900 shares via his brother who changes a frate rete of commission of TK. 20 cm all transmission of less thes TK. 1600. His bask account is credited with Tk. 340 from the share sale. What price were his shares sold at?
- A. 12 cents
- B. 12 cents
- C. 12 cents
- D. 12 cents
Answer: Option D
Explanation:
Let's assume the price at which Salim's shares were sold is 'P' in Tk (Taka).
Salim's brother charges a flat rate of commission of Tk. 20 on all transactions of less than Tk. 1000. Since Salim's bank account was credited with Tk. 340 after selling the shares, we can set up the following equation:
Sale Price of Shares - Commission = Amount Credited
P * 900 - 20 = 340
Simplifying the equation:
900P - 20 = 340 900P = 340 + 20 900P = 360
Dividing both sides by 900: P = 360 / 900 P = Tk. 0.40
Therefore, the shares were sold at Tk. 0.40 each.
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