Question

Shri Arora purchased 150 shares of a company at MV Rs.970.FV of shares is Rs.100.Brokerage is paid of 0.3% and GST on brokerage is 18%.Find-
a)Total value of shares.
b)The brokerage paid.
c)GST paid on brokerage.
d)Total investment for purchasing 150 shares.​

Answer 1

a) Total value of shares would be Rs. 1,45,500.

b) Brokerage paid on 150 shares = Rs. 436.50

c) GST paid on brokerage = Rs. 78.57

d) Total investment on purchasing 150 shares =        Rs. 1,46,015.07

Step-by-step explanation:

Shri Arora purchased the number of shares = 150

Market Value (MV) of one share = Rs. 970

a) Total Market Value (MV) of 150 shares = 970 × 150 = 1,45,500 Rs.

b) Brokerage is paid = 0.3% of 145,500

                              = 0.003 × 145,500

                              = Rs. 436.50

c) GST on brokerage = 18% of 436.50

                               = 0.18 × 436.50

                               = 78.57 Rs.

d) Total investment for purchasing 150 shares = MV + Brokerage + GST

                                                        = 1,45,500 + 436.50 + 78.57

                                                        = 1,46,015.07 Rs.

a) Total value of shares would be Rs. 1,45,500.

b) Brokerage paid on 150 shares = Rs. 436.50

c) GST paid on brokerage = Rs. 78.57

d) Total investment on purchasing 150 shares = Rs. 1,46,015.07

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