Question

12. Ram purchased 100 shares of MV Rs. 40. Brokerage paid at the rate of 0.5% and the rate of GST on brokerage is 18%. Find the total amount he paid for the
share purchase.
Marks (+1) (-0)​

Answer 1

Answer:

Number of shares purchased =100

Market Value of share = Rs. 40

∴ Total cost of 100 shares = Rs. 4000

Brokerage rate =0.5%

⇒ Brokerage Commission paid =

100

0.5

×40000= Rs. 20

GST on Brokerage =18% of 40000

= Rs. 3.6

⇒ Total amount paid for the purchase =40000+20+3.6

= Rs 4023.60