Question

Payal purchased 100 shares of MV ₹ 40. Brokerage paid at the
rate of 0.5% and rate of GST on brokerage is 18%. Find the total amount he paid for the share purchase.
​

Answer 1

Answer:

Number of shares purchased =100

Market Value of share = Rs. 40

∴ Total cost of 100 shares = Rs. 4000

Brokerage rate =0.5%

⇒ Brokerage Commission paid =

100

0.5

×40000= Rs. 20

GST on Brokerage =18% of 40000

= Rs. 3.6

⇒ Total amount paid for the purchase =40000+20+3.6

Rs=4023.60

Step-by-step explanation:

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