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Answers
Step-by-step explanation:
Shri Patil purchased 140 shares of a company at MV Rs. 1150. FV of the share is Rs. 100. Brokerage Is paid at 3% and GST on brokerage is 18%. Find
1)the total value of the shares.
2)the brokerage paid
3)GST paid on brokerage
Total investment for purchasing shares.
MV = Rs 1150, Number of shares 140
1) Total value of shares = MV * Number of shares
= 1150 * 140
= Rs. 1,61,000.
2) The rate of brokerage = 3
brokerage paid = total value * rate of braokerage
= 161000 * 3 / 100 = Rs 483
.
3) GST on brokerage = brokerage amount * rate of GST
= 483 * 18 / 100 = Rs 86.94
4) Total investment for purchasing 140 shares
= total value of shares + brokerage shares
= Rs. (161000 + 483 + 86.94)
= Rs. 161569.94
Ans. (1) Rs 1,61,000
(2)Rs 483
(3)Rs 86.94
(4)Rs 1,61,569.94