Question

8. Shri. Aditya Sanghavi invested 50.118 in shares of FV 3 . when the
market value is 50. Rate of brokerage is 0.2% amd te of CHST
brokerage is 18%, then How many shares were purchased for 50,118?
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Answer 1

Answer:

Step-by-step explanation:

when shri Aditya sanghavi

Purchased 1 share

Amount invested

=1×50=50

Brokerage on rs 50

=(0.2÷100)×50

=0.1

GST on Brokerage

=18%on 0.1

=(18÷100)×0.1

=0.018

Therefore amount investedon one share

=mv+Brokerage+GST on Brokerage

=50+0.1+0.018

=50.118

Let suppose he purchase x share

Amount invested=

no of share ×

price of one share

=50118=50.118×x

X=50118÷50.118

X= 1000

Therefore

shri Aditya sanghavi Purchased 1000 share