Question

Bhavesh purchased 150 shares at MV Rs 50. Brokerage was paid 0.2% and GST on brokerage
18%. What is his total investment?​

Answer 1

The total investment is 7517.7 Rs

Step-by-step explanation:

Given data:

Total shares = 150

Brokerage = 0.2%

GST = 18%

Solution:

Investment = no. of shares x market value

Investment = 150 x 50 = 7500

Brokerage =  0.2 % of investment

Brokerage =0.2 / 100 x 7500 = 15

GST = 18% of brokerage

GST = 18 / 100 x 15

GST = 2.7

Now the total investment  =  investment + brokerage + GST

Total investment  = 7500 + 15 + 2.7 = 7517.7 Rs

Hence the total investment is 7517.7 Rs

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