Question

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. Find.
a) Net amount paid for 50 shares.
b) Brokerage paid on sum invested.
c) GST paid on brokerage.
d) Total amount paid for 50 shares.​

Answer 1

Answer:

Step-by-step explanation:

GIVEN :

No of share= 50

MV = 1500

FV = 100

Brokerage=0.2%

GST=18%(on Brokerage)

SOLUTION:

amount invested on one share

=MV×no of share

=50×1500=75000

Brokerage=0.2%on amount

=(0.2÷100)×75000

=150

GST on Brokerage

=18%on brokerage

=(18÷100)×150

=27

Total amount invested

=amount on share+Brokerage+GST

=75000 +150 +27

=75177.

a) Net amount paid for 50 shares=75000rs

b) Brokerage paid on sum invested=150rs

c) GST paid on brokerage

=27rs

d) Total amount paid for 50 shares=75177rs