Salim sells 900 shares via his brother who charges a frate rate of commission of . Tk. 20 cm all transmission of less then Tk. 1600 . His bask account is credited with Tk. 340 from the share sale. what price were his shares sold at?

Salim sells 900 shares via his brother who charges a frate rate of commission of . Tk. 20 cm all transmission of less then Tk. 1600 . His bask account is credited with Tk. 340 from the share sale. what price were his shares sold at? Correct Answer 40 cents

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 CreditedP * 900 - 20 = 340Simplifying the equation:900P - 20 = 340 900P = 340 + 20 900P = 360Dividing both sides by 900: P = 360 / 900 P = Tk. 0.40Therefore, the shares were sold at Tk. 0.40 each.
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