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sʜʀɪ. ᴀᴅɪʏᴀ sᴀɴɢʜᴀᴠɪ ɪɴᴠᴇsᴛᴇᴅ ₹50,118 ɪɴ sʜᴀʀᴇs ᴏғ ғᴠ ₹100, ᴡʜᴇɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴠᴀʟᴜᴇ ɪs ₹50. ʀᴀᴛᴇ ᴏғ ʙʀᴏᴋᴇʀᴀɢᴇ ɪs 0.2% ᴀɴᴅ ʀᴀᴛᴇ ᴏғ ɢsᴛ ᴏɴ ʙʀᴏᴋᴇʀᴀɢᴇ ɪs 18%, ᴛʜᴇɴ ʜᴏᴡ ᴍᴀɴʏ sʜᴀʀᴇs ᴡᴇʀᴇ ᴘᴜʀᴄʜᴀsᴇᴅ ғᴏʀ ₹50118 ?​


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Answer 1

Answer:

1000

Step-by-step explanation:

Given that Shri. Adiya Sanghavi invested Rs. 50118 in shares of Fv Rs. 100, when the market value is Rs. 50. Rate of brokerage is 0.2% and rate of GST on brokerage is 18%.

We need to find out that how many shares were purchased for Rs. 50118.

Now,

Brokerage = Rate of brokerage × Market value

= 0.2/100 × 50

= 0.2/2

= Rs. 0.1

GST = Rate of GST × Brokerage

= 18/100 × 0.1

= Rs. 0.018

Since, we've the value of market value of each share i.e. Rs 50, brokerage per share i.e.Rs 0.1 and GST on brokerage per share i.e Rs. 0.018.

By adding these values we can find out the purchased value of a pair.

Purchased value of a share = (Market value + Brokerage + GST on brokerage) per share

Substitute the values,

→ Rs. (50 + 0.1 + 0.018)

→ Rs. 50.118

Therefore,

Number of shares purchased = (Purchased value of all the shares)/(Purchased value of a share)

As per given statement, purchased value of all the shares is Rs. 50118 and of a share is Rs. 50.118 (from above).

Number of shares purchased = 50118/50.118

= 50118/50118 × 1000

= 1000

Hence, the number of shares that were purchased for Rs. 50118 is 1000.