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.
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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
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