Question

Smt Sawant sold shares of face value 100
when the market value was 55 and received
54870.20. She paid brokerage 0.2% and GST
on brokerage 18%. How many shares did she
sell?
​

Answer 1

Answer:

amt rec'd= x*55

brokerage 0.2/100*55x

gst=0.2/100*55x-18/100

net brokerage 0.2/100*1.18/100*55x

55x(1-0.2/100*1.18/100)=54870.20

Step-by-step explanation:

solving this will give 997 shares