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

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

Explanation

C.P. (Cost Price) of each share = Rs. 25 + (2% of 25) = Rs. 25 + 0.50 = Rs. 25.50

And therefore, the Number of shares = Total amount / C.P. of each share = Rs. 12750 / Rs. 25.50 = 500