to find the cost of one shares at the time of buying, the amount of brokerage and GST is to be ......the MVof shares
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Answer:
Step-by-step explanation:
- Suppose if trader bought Buy Tata motors at Rs.320, quantity - 500
- Total cost will become Rs.320 x 500 = Rs. 160000.
- So if you have Rs.40, 000 in your trading account you can do day trading using margin amount from broker. Margin amount is amount given by your broker for day trading. This amount varies from broker to broker but it is generally 4 to 5 times and it is also based on stock you choose for trading.
- Now you sold Tata motors at Rs.321.5, Qty - 500 . Here you can see trader took profit of Rs 1.5.
- The total amount comes to Rs 321.5 x 500 = 160750.
Your gross profit is Rs 750.( Rs 1.5 x 500) .
Let’s see how to calculate brokerage and taxes:-
The service tax is of 15% only on brokerage.
- The STT (Security Transaction Tax) is of 0.025% only selling amount.
- The stamp duty on total turnover for a day which is 0.002%.
- and finally SEBI Turnover tax - 0.0002% on turnover
Answered by
2
ADDED
Explanation:
To find the cost of one shares at the time of buying, the amount of brokerage and GST is to be ......the MVof shares
answer : ADDED
i.e
cost of share = ( brokerage + GST+MV of shares)
hence ,
To find the cost of one shares at the time of buying, the amount of brokerage and GST is to be added to MV of shares
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https://brainly.in/question/7431144
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