Mr.Mahajan purchased 100 shares,each of face value Rs.100, when the market price was Rs.45 per share, paying 2% brokerage. If the rate of GST on the brokerage is 18%, find the total amount he spent
Answers
Answer:
Total amount spent = 4500+90+16.2
= Rs 4606.2
Step-by-step explanation:
Number of shares = 100
Face value = Rs 100
Market value = 45/share
Market value of 100 shares = 45*100
= Rs 4500
BROKERAGE:
Brokerage cost = 2% of trade value
brokerage cost = 2%*4500
= Rs 90
GST: is 18% of brokerage
so,
GST = 90*18%
= Rs 16.2
so ,
Total amount spent = 4500+90+16.2
= Rs 4606.2
Answer:
Rs. 4606.2
Step-by-step explanation:
Number of shares purchased= 100
Face value = Rs. 100
Market value = Rs. 45/share
Market value of 100 shares = 45*100
= Rs 4500
Brokerage cost:
Brokerage = 2% of trade value
brokerage cost = 2%*4500
= Rs 90
GST on brokerage:
GST @18% = 90*18/100
= Rs 16.2
Total amount spent by Mr. Mahajan = 4500+90+16.2
= Rs 4606.2