Question

Smt desai sold shares of face value rs100 when the market value was rs 50 and received rs 4988.20. She paid brokerage 0.2% and gst on brokerage 18%, then how many shares did she sell

Answer 1

Answer:

100

Step-by-step explanation:

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 sold

Answer 2

Answer:

Total amount received = Rs 4988.20

MV of each share = Rs 50

Brokerage per share = 0.2% of Rs 50 = 0.2/100×50 = Rs 0.1

GST per share on brokerage = 18% of Rs 0.1 = 18/100×0.1 = Rs 0.018

∴ Selling price of each share = MV − Brokerage − GST = Rs 50 − Rs 0.1 − Rs 0.018 = Rs 49.882

Number of shares sold = Total amount received/Selling price of each share=4988.20/49.882 = 100

Thus, the number of shares sold by Smt. Desai are 100.