Question

Smt Deshi sold share of face value Rs 100 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:

Smt Deshi sold share of face value Rs 100 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 2

Step-by-step explanation:

Question



Smt. Desai sold shares of face value Rs. 100 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 ?

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Solution



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Correct option is

A

100

Total amount received =Rs 49.88.20

MV of each share =Rs 50

Brokerage per share =0.2% of Rs 50

=1000.2×50=Rs 0.1

GST per share on brokerage =18% of Rs 0.1=10018×0.1=Rs 0.018

∴ S.P of each share=

Rs 50−Rs 0.1−Rs 0.018=Rs 49.882

No. of shares sold=

selling priceTotal amount=49.8824988.20=100