Mr Karan Arora purchased 50 shares of FV rupees 100 when MV is rs1500 each. He paid brokerage at rate of 0.2 % and 18% GST on brokerage.
Find net amount paid for 50 shares.
Find brokerage paid on sum invested.
FindGST paid on brokerage.
Find total amount paid for 50 Shares.
Answers
Step-by-step explanation:
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Net amount of 50 shares = ₹75,000
Brokerage paid on investment = ₹150
GST paid on brokerage = ₹27.00
Total amount paid for 50 shares = ₹75,177.
Step-by-step explanation:
Mr. Karan Arora purchased the number of shares = 50
Face Value (FV) of one share = 100
Market Value (MV) of one share = 1500
Brokerage percentage = 0.2%
GST on brokerage = 18%
a) Net amount paid for 50 shares = 1500 × 50 = ₹ 75,000
Net amount of 50 shares = ₹75,000
b) Brokerage paid on sum invested = 0.2% × 75,000
= 0.002 × 75,000
= ₹150
Brokerage paid on investment = ₹150
c) GST paid = 18% × 150
= 0.18 × 150
= ₹ 27.00
GST paid on brokerage = ₹27.00
d) Total amount paid for 50 shares = MV + Brokerage + GST
= 75,000 + 150 + 27
= ₹75,177
Total amount paid for 50 shares = ₹75,177.
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