2) Mr. Karan Arora punchases 50 shares of FV 100, when MV is * 1500 each. He paid brokerage at
the rate of 0.2% and 18% GST on brokerage.
Answers
Total ₹ 75,177 paid for 50 shares.
Step-by-step explanation:
Mr. Karan Arora purchased the number of shares = 50
Face Value (FV) of each share = 100
Market Value (MV) of each share = ₹1500
Brokerage on shares = 0.2%
GST on brokerage = 18%
Net amount paid for 50 shares = 1500 × 50 = ₹75,000
Brokerage on shares = 0.2% of 75,000
= 0.002 × 75,000
= ₹ 150
GST paid on brokerage = 18% of 150
= 0.18 × 150
= ₹ 27.00
Total amount paid for 50 shares = MV + Brokerage + GST
= 75,000 + 150 + 27
= ₹ 75,177
Total ₹ 75,177 paid for 50 shares.
Learn more about Face value and Market value : brainly.in/question/14201305
Answer:
Step-by-step explanation:
M.V=₹1500
Number of shares=50shares
Net amount paid for 50 shares =M.V . No. Of shares
₹7500
Brokerage paid=0.2% of 7500
Brokerage =₹150
GST on brokerage=18% of 150
GST =₹27
Total amount paid=Net amount +Brokerage+GST
=75000+150+27
=75177