Calculate the amount obtain when 500shares are sold at K4.85.Broerage is K29 fixed and stamp duty is 15toea per 100 or part-there-of.the answer is?

First, calculate the total amount received from selling the shares:
Total amount = Number of shares * Selling price per share
Total amount = 500 * K4.85
Total amount = K2425

Next, calculate the total brokerage fee:
Brokerage fee = K29

Next, calculate the stamp duty:
Stamp duty = (Total amount / 100) * 15 toea
Stamp duty = (K2425 / 100) * 15
Stamp duty = K363.75

Finally, calculate the total amount obtained after deducting brokerage and stamp duty:
Total amount obtained = Total amount - Brokerage fee - Stamp duty
Total amount obtained = K2425 - K29 - K363.75
Total amount obtained = K2032.25

Therefore, the total amount obtained when 500 shares are sold at K4.85, after deducting brokerage and stamp duty, is K2032.25.

Selling Price = 500-K4.85 = K2425

Brokerage = K 29

Stamp Duty = (500/100)- 15toea = K7.50

Net Proceeds = K2425 - 29 -7.50

= K2388.50