Question

URGENT!
Mr. Kerian sold shares of Rs. 30,350 and purchased shares of Rs. 69,650 in
a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST
was charge on brokerage. Find his total expenditure on brokerage and tax.
Thanks in advance

Answer 1

Step-by-step explanation:

Given Mr. Kerian sold shares of Rs. 30,350 and purchased shares of Rs. 69,650 in  a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST  was charge on brokerage. Find his total expenditure on brokerage and tax.

• Selling price of shares = Rs 30,350
• Brokerage = 0.1%
• Now brokerage paid by selling shares = 0.1% of Rs 30,350 = sum invested / cost of each share = 0.1% of 30,350 = sum invested / cost of each share
•                                      = 50118 / 50.118
•                                      = Rs 30.35
• Therefore GST paid on brokerage = 18% of Rs 30.35
•                                                     = 18/100 x 30.35
•                                                      = Rs 5.463
• Expenditure on brokerage and tax paid on selling shares 30.35 + 5.463
•                                                                                   = Rs 35.813
• Now shares purchase price will be Rs 69,650
• Therefore brokerage paid on purchasing shares = 0.1% of Rs 69,650
•                                                                       = 0.1 / 100 x 69,650
•                                                                          = Rs 69.65
• GST paid on brokerage = 18 / 100 x 69.65
•                                     = Rs 12.537
• Expenditure on brokerage and tax paid on purchasing shares = Rs 69.65 + 12.537
•                                                                                                   = Rs 82.187
• Expenditure on brokerage and tax paid on purchasing shares
•  = Rs 35.813 + Rs 82.187
• = Rs 118

Reference link will be

https://brainly.in/question/11759346