Question

ii)
Smt. Desai sold shares of face value 100
when the market value was 50 and
received * 4988.20. She paid brokerage
0.2% and GST on brokerage 18%, then
how many shares did she sell?​

Answer 1

Answer:

Step-by-step explanation:

Soppose SMt desai sold 1 share

Brokerage per share=

Rate of Brokerage ×MV

=(0.2÷100)×50=0.10

GSM at 18%on Brokerage

=rate of GSM × Brokerage

=(18÷100)×0.10=0.018

Selling prise of 1 share

=MV -(Brokerage+GST)

=[50-(0.10+0.018)]

=49.882

If Smt desai sold x share ,then selling price=

no of share×selling price of obe share

Amount received by her

= selling price of x share

=4988.20=x×49.882

X=4988.20÷48.882

=100

Smt desai sold 100 share

Answer 2

Answer:

Total amount received = Rs 4988.20

MV of each share = Rs 50

Brokerage per share = 0.2% of Rs 50 = 0.2/100×50 = Rs 0.1

GST per share on brokerage = 18% of Rs 0.1 = 18/100×0.1 = Rs 0.018

∴ Selling price of each share = MV − Brokerage − GST = Rs 50 − Rs 0.1 − Rs 0.018 = Rs 49.882

Number of shares sold = Total amount received/Selling price of each share=4988.20/49.882 = 100

Thus, the number of shares sold by Smt. Desai are 100.