Question

Mr Mahajan purchase 100 shares, each of face value rupees 100, when the market price was rupees 45 per share, paint 2% brokerage full stop if the rate of GST on brokerage 18%, find the total amount he spend

Answer 1

NUMBER OF SHARES = 100

COST OF EACH SHARE = 45

COST OF 100 SHARES = 45 × 100 = 4500

BROKERAGE = 2% OF 45,OOO = 2/100 × 45OOO = 900

GST ON BROKERAGE = 12% OF 900 = 12/100 × 900 = 162

TOTAL AMOUNT HE SPENT = 45000 + 900 + 162 = RS.46,062

Answer 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 = Rs. 4606.20