mr. mahajan purchase 100 shares each of face value Rs. 100 when the market price was Rs. 45 per shares paying 2% brokerage if the rate of GST on the brokerage is 18% find the total amount he spent
Answers
Answer:
Rs. 4606.2
Step-by-step explanation:
Total no. of shares = 100
Face value = Rs. 100
Market value = Rs. 45/share
Market value of 100 shares = 45*100
= Rs 4500
Brokerage cost of 100 shares on trade value:
Brokerage = 2% of trade value
brokerage cost = 2%*4500
= Rs 90
GST on brokerage:
GST at the rate of 18% on brokerage cost = 90*18/100
= Rs 16.2
Total amount spent by Mr. Mahajan = 4500+90+16.2
= Rs 4606.2
Answer:
Total amount Mr. Mahajan spent is Rs. 4606.20
Step-by-step explanation:
No. of shares purchased = 100
Cost of each share = Rs. 45
Brokerage = 2%
GST = 18% on brokerage
Cost of 100 shares = Rs.45 * 100 =Rs. 4500
Brokerage = 2% of 4500 = Rs. 90
GST = 18% on brokerage = 0.18 * 90 = Rs. 16.20
Total amount spent = 4500 + 90 + 16.20 = 4606.20