Question

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 brokerage is 18./. find the total amount he spent.

Answer 1

Answer:

= 4606.2

Step-by-step explanation:

Number of shares = 100

face value              = Rs.100

market price           = 45/share

so,

total market price paid = 100×45

total market price paid = Rs. 4500............(i)

BROKERAGE:

brokerage                        = trade price × brokerage percentage

so,

                                         = 4500*2%

           brokerage            = Rs.90.................(ii)

GST :

                           GST       =  brokerage*18%

                                           = 90*18%

                                            = Rs.16.2...............(iii)

TOTAL AMOUNT SPENT    

                                             = i +ii+iii

                                              = 4500+90+16.2

                                             = Rs. 4606.2