K sold 800 shares at Rs. 36.17 less commission of Rs. 0.12 per share. What are the proceeds of the sale?

The proceeds of a sale are equal to the product of the number of items sold and the net price of each of the items. If N items are sold at a price P and a charge of C has to be paid on the sale of each item, the net earnings are equal to N*(P-C)

In the question, K sells 800 shares at 36.17 and has to pay a commission of 0.12 per share that is sold.

The amount received from the sale is equal to 800*(36.17 - 0.12)

= 800*36.05

= 28840

The amount received from the sale of the shares is 28840.