Question

Mrs. Sita invested Rs. 92,124 in shares of face value Rs. 10 each at Rs. 90 market value. She paid 2% brokerage and 18% GST on it. Company declared a dividend of 60% on them. Find her dividend​

Answer 1

Answer:

AT FIRST SUBTRACT THE BROKERAGE THEN ADD THE GST THEN TAKE OUT 60% OF THAT NO.

Answer 2

Her dividend would be ₹6,000

Step-by-step explanation:

Total amount invested in shares = ₹92,124

Face value of each share = ₹10

Market value of one share = ₹90

brokerage rate 2%

brokerage = 2% of 90

                 = 0.02 × 90

                  = 1.80

GST on brokerage 18%

GST = 18% of 1.80

       = 0.18 × 1.80

       = 0.324

New price of one share = 90 + 1.80 + 0.324

                                        = ₹92.124

Number of share purchased = $\frac{\text{total amount}}{\text{price of one share}}$

                                               =$\frac{92124}{92.124}$

                                               = 1000 shares

Dividend declared by the company = 60%

Face value of 1000 shares = 1000 × 10

                                             = 10,000

Dividend = 60% of 10,000

               = 0.60 × 10,000

               = 6000

Her dividend would be ₹6,000