A broker sold 300 shares of Mr. Shah at market value ₹250 per share. If his brokerage is 0.8%, how much
he is supposed to pay Mr. Shah for the entire deal?
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Answer:
Rs 4606.20
Step-by-step explanation:
Number of shares purchased = 100
Price of the shares = Rs 45
Total purchase = 100 x 45 = Rs 4500
Find the brokerage fee:
Brokerage fee = 2% of Rs 4500
Brokerage fee = 0.02 x 4500 = Rs 90
Find the GST:
GST = 18% of Rs 90
GST = 0.18 x 90 = Rs 16.20
Find the total amount:
Total amount = 4500 + 90 + 16.20 = Rs 4606.20
Answer: He spent Rs 4606.20
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