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.
Answers
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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