Question

Rama purchase 100 shares of M. V Rs.40 Brokerage paid at rate of 0.5% and rate of GST on brokerage is 18%. Find the total amount that he paid for the shares Purchaces?

Answer 1

NUMBER OF SHARES = 100

COST OF EACH SHARE = RS.40

TOTAL COST OF 100 SHARE = 4000

BROKERAGE = 0.5% OF 4000

= 0.5/100 × 4000

= 20

GST = 12% OF 20 = 12/100 × 20 = 2.40

TOTAL AMOUNT PAID = 4000 + 20 + 2.40 = RS.4022.40