Share-market information and risk; Buying/selling, fixed or percentage brokerage, stated GST and break-even price; Dividend income from rate or amount per share
Example 1
Buy 300 shares at $10 each. Brokerage is $20 plus 10% GST on brokerage only. Find the total purchase cost.
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Answer: 3022
- Shares cost 3000. Brokerage including GST=20×1.1=22. Total =3022.
Example 2
Sell 500 shares at $8 each with a flat $20 sale fee and no other charges. Find net proceeds.
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Answer: 3980
- Gross proceeds =4000. Deduct the $20 fee.
Example 3
You own 500 shares. The dividend is $0.40 per share. Find dividend income.
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Answer: 200
- Income = number of shares × dividend per share =500×0.40.