Mr mahajan purchased 100 shares, each of face value to 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:
Rs 4606.20
Step-by-step explanation:
Number of shares purchased = 100
Price of the shares = Rs 45
Total purchase = 100 x 45 = Rs 4500
Find the brokerage fee:
Brokerage fee = 2% of Rs 4500
Brokerage fee = 0.02 x 4500 = Rs 90
Find the GST:
GST = 18% of Rs 90
GST = 0.18 x 90 = Rs 16.20
Find the total amount:
Total amount = 4500 + 90 + 16.20 = Rs 4606.20
Answer: He spent Rs 4606.20
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