Question

smt desai sold shares of face value rs.100 when market value was rs.50 and received rs.4988.20. She paid brokerage 0.2 %anf GST on brokerage 18% ; then how many shares did she sell.

Answer 1

x/100×50=4988.20
x=4988.20×2
= 9976.4
total amt is 9976.4
brokerage @0.2% add to 9976.4
income taxable is 9996.3528
gst payable is 18% is 1799.3435

Answer 2

Solution:-

Let say she sold shares = x

Sale vale = 50 × x = 50x

brokerage = (0.2/100) × 50x = 0.1x

Gst on brokerage = (18/100)×(0.1x) = 0.018x

amount received = 50x - 0.1x - 0.018x

= 49.882x

49.882x = 4988.2

x = 100

100 shares did she sell.

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@GauravSaxena01