Shri Desai sold 100 shares at MV 150. (i) What is the total value
we shares? (ii) What brokerage is paid at 2% (iii) What GST:
paid on brokerage at the rate of 18% ? (iv) What amount did Shri
Desai receive?
Answers
Answered by
1
Answer:
i) 15000
ii) 300
iii) 54
iv) 14646
Answered by
8
Shri Desai sold 100 shares at MV 150.
Given,
Total number of shares sold = 100
Market value of each share = Rs. 150
(i) What is the total value we shares?
100 × 150 = Rs. 15,000
(ii) What brokerage is paid at 2%
2% of Rs. 150 × 100
= 2/100 × 150 × 100
= 3 × 100
= Rs. 300
The brokerage for 1 share = Rs. 3
The brokerage for 100 shares = Rs. 300
(iii) What GST: paid on brokerage at the rate of 18% ?
GST = 18% of Rs. 300
= 18/100 × 300
= Rs. 54
GST for 1 share = Rs. 0.54
GST for 100 shares = Rs. 54
(iv) What amount did Shri Desai receive?
Selling price of each share = MV - Brokerage - GST
= 150 - 3 - 0.54
= Rs. 146.46
Total amount received = No. of shares sold × Selling price of each share
= 100 × 146.46
= Rs. 14646.
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