Question

Ganpatrao purchased 200 shares of MV ₹ 80. brokerage paid at the rate of 0.5% and the rate of GST on brokerage is 18% . find the total amount he paid for purchase of shares.​

Answer 1

Answer:

Rs. 14.4 rounded off to Rs. 14

Step-by-step explanation:

Brokerage paid = 200shares*80*0.5%

                          =14.4

                          =Rs. 14 (Rounded off to nearest rupee as per Section 170 of                      CGST Act)

Answer 2

Answer:

Total amount he paid ₹ 16,094.40 for purchase of shares.

Step-by-step explanation:

Ganpatrao purchased 200 shares

Market Value of the shares = ₹ 80

Value of 200 shares = 200 × 80 = ₹ 16,000

Brokerage paid at the rate of = 0.5% × 16,000

                                                 =  $\frac{0.5}{100}\times 16,000$

                                                = 0.005 × 16,000

                                                = ₹ 80

GST on brokerage is = 18% × 80

                                  = $\frac{18}{100}\times 80$

                                  = 0.18 × 80

                                  = ₹ 14.40

Total amount paid for 200 shares = 16,000 + 80 + 14.40

                                                        = ₹ 16,094.40

Total amount he paid ₹ 16,094.40 for purchase of shares.

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