Question

Bashirkhan purchased 100 shares of MV 40 Rs . Brokerage paid at the rate of 0.5% and rate of GST on the brokerage is 18% . Find the Total amount he paid for the share purchase.

Answer 1

Answer:

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Answer 2

The total amount he paid for the share purchase is Rs 4023.6.

Step-by-step explanation:

Given:

Bashir Khan purchased 100 shares of MV Rs 40.

Rate of brokerage = 0.5%.

GST on the brokerage is at the rate = 18%.

Now, to find the total amount he paid for the share:

Total number of shares = 100.

Each share MV is  Rs 40.

So, the total MV of 100 shares:

$40\times 100=Rs\ 4000.$

Now, to get the amount of brokerage, as the brokerage paid at 0.5%:

$0.5\%\ of\ 4000$

$=\frac{0.5}{100}\times 4000$

$=\frac{2000}{100}$

$=Rs\ 20.$

Thus, the brokerage = Rs 20.

And, then to get the GST, as given GST on the brokerage is 18%:

$18\%\ of\ 20\\\\=\frac{18}{100} \times 20\\\\=\frac{360}{100}\\\\=Rs\ 3.6.$

Hence, GST = Rs 3.6.

Now, to get the total amount he paid for the share purchase by adding the total MV of 100 shares and Brokerage and GST:

$4000+20+3.6\\\\=Rs\ 4023.6.$

Therefore, the total amount he paid for the share purchase is Rs 4023.6.