100 shares were sold at MV 3 150. Brokerage
was paid at 0.2% and GST on brokerage at
18%. Find the amount received. (3 marks)
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Answer:
amt rec'd= 100*3150=315000
brokerage=0.2/100*315000=630
gst on brokerage 18/100*630=113.4
total brokerage 630+113.5=743.4
net amt rec'd= amt rec'd - total brokerage
=314256.6 ₹
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